Raza, Muhammad Wajid and Mohsin, Hasan M (2011): Financial liberalization and macroeconomic performance, empirical evidence from selected Asian countries. Forthcoming in: Journal of Econonomics and Behavioral Studies
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Financially repressed economy cannot grow with an increasing growth rate. That’s why most of the developing countries move toward liberalized financial system. The basic objective of this paper is to provide a comparative analysis of Pakistan, China, and India financial sector liberalization and its impact on macroeconomic performance. This study uses Johansen co integration to provide cross country evidence of long run relationship between macroeconomic variables and financial openness. Results show that there is long run relation among financial openness and macro economic performance in all three countries. Financial liberalization has positive and significant effect on Pakistan macroeconomic performance while negative and significant effect on china economy. The relationship in India is positive but not significant
|Item Type:||MPRA Paper|
|Original Title:||Financial liberalization and macroeconomic performance, empirical evidence from selected Asian countries|
|Keywords:||Financial liberalization, financial depth. Economic growth|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General
N - Economic History > N2 - Financial Markets and Institutions > N20 - General, International, or Comparative
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
|Depositing User:||Hasan Muhammad Mohsin|
|Date Deposited:||06. Nov 2011 20:49|
|Last Modified:||12. Feb 2013 14:22|
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