Munich Personal RePEc Archive

Estimating the permanent growth effects of financial liberalization: The case of Malaysia

Rao, B. Bhaskara (2008): Estimating the permanent growth effects of financial liberalization: The case of Malaysia.

[img]
Preview
PDF
MPRA_paper_8278.pdf

Download (39kB) | Preview

Abstract

We argue that the specifications used to estimate the permanent growth effects of reforms in the financial sector are unsatisfactory. Using a modified specification and data for the period 1970 to 2004, we show developments in the financial sector in Malaysia have a small but significant permanent effect on the growth of output. Our results are different from the conclusions in a recent work on this topic.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.