کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063360 1372221 2010 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Law, regulation and institutions for financial development: Evidence from India
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Law, regulation and institutions for financial development: Evidence from India
چکیده انگلیسی
This paper revisits the “finance-growth” thesis from the perspective of the determinants of financial sector growth such as legal and institutional developments and financial regulation in the Indian context. With the help of newly constructed indices of procedural law, regulation and institutional development, within a multivariate VAR framework, Granger causality tests and policy simulations are employed to investigate the long run causal relationships between the determinants and the financial sector. The results show that legal and institutional developments and financial deregulation cause financial sector growth with a considerable feedback and further finance causes economic growth.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 11, Issue 2, June 2010, Pages 106-118
نویسندگان
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