English, Article edition: Financial Development and Economic Growth in Sri Lanka Perera, N.; Paudel, R.C.

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Bookmark: http://trove.nla.gov.au/version/160164
Physical Description
  • article
Language
  • English

Edition details

Title
  • Financial Development and Economic Growth in Sri Lanka
Author
  • Perera, N.
  • Paudel, R.C.
Physical Description
  • article
Notes
  • This study investigates the causal relationship between financial development and economic growth in Sri Lanka over the period 1955 to 2005. After considering the time series characteristics of six measures of financial development, Johansen cointegration and the appropriate Error Correction Model are used to investigate the causal relationship between financial development and economic growth. The findings suggest that broad money causes economic growth with two-way causality. The major finding of this study does not strongly support the view that financial development boosts economic growth.
  • Financial Development, Economic Growth, Sri Lanka, Cointegration test
  • RePEc:eaa:aeinde:v:9:y:2009:i:1_14
Language
  • English
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