THE ASSESSMENT: FINANCIAL LIBERALIZATION, FINANCIAL SYSTEMS, AND ECONOMIC GROWTH

1989 ◽  
Vol 5 (4) ◽  
pp. 1-12 ◽  
Author(s):  
PAUL COLLIER ◽  
COLIN MAYER
Keyword(s):  
Economic Growth ◽  
Financial Liberalization ◽  
Financial Systems

scholarly journals Regulation of Financial Systems and Economic Growth

2006 ◽  
Author(s):  
Alain de Serres ◽  
Shuji Kobayakawa ◽  
Torsten Mikkel Sløk ◽  
Laura Vartia
Keyword(s):  
Economic Growth ◽  
Financial Systems

scholarly journals Relationship between Financial Liberalization and Economic Growth in Emerging Economies: The Case of Vietnam

2016 ◽  
Vol 23 (01) ◽  
pp. 25-49
Author(s):  
Hoang Tran Huy ◽  
Huan Nguyen Huu ◽  
Linh Nguyen Thi Thuy
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Financial Liberalization ◽  
Response Analysis ◽  
Causality Test ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Term Relation

This paper examines the process of financial liberalization in Vietnam over the period from 1993 to 2013. On adopting Vector Error Correction Model (VECM), the results suggest that there is a long-term relation between economic growth and financial liberalization, in which the financial market liberalization and financial services liberalization provide better support during the growth of Vietnam’s economy. In addition, using various techniques including Granger causality test, impulse response analysis, and variance decomposition, the paper also clarifies the motives for financial liberalization from the process of short-term financial development and economic growth in the country.

Does Financial Liberalization and Trade Openness Promote Growth in South Asia?

2010 ◽  
pp. 101-132
Author(s):  
Muhammad Arshad Kahn
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
Trade Liberalization ◽  
Inflation Rate ◽  
Financial Liberalization ◽  
Trade Openness ◽  
Real Output ◽  
Domestic Investment ◽  
Long Run ◽  
Short Run

This chapter examines the hypotheses that trade liberalization and financial liberalization jointly enhances economic growth in the four South Asian countries including Bangladesh, India, Pakistan and Sri Lanka for the period 1970-2007 using bounds testing approach to cointegration. The results suggest that in the long-run except for Bangladesh, financial development plays no role in promoting economic growth in these countries. Furthermore, the results suggest that trade openness plays a significant role in promoting economic growth in Bangladesh and India, while exerts negative effect on Pakistan and no effect on Sri Lanka. The share of domestic investment influences real output significantly in Bangladesh, India and Pakistan. In the long- as well as short-run two-way causality between real output, trade openness, share of investment and inflation rate exists for the case of Bangladesh and India. For the case of India two-way causality between finance and growth exists in the short-run. For the case of Pakistan, there is an evidence of long-run causality between real output, finance, trade openness, share of investment and inflation rate. However, in the short-run, two-way causality between real output, trade openness and share of investment is existed and one-way causality between inflation rate, trade openness and share of investment is also observed. No evidence of short-run causality between finance and growth and vice versa for Pakistan has been seen. Finally, for Sri Lanka, an evidence of long-run causality between real output, finance, trade openness and investment share has been found. In the short-run one-way causality between finance-growth, trade-finance, trade-growth and trade-investment has been obtained. These mixed results suggest that the authorities may focuses more and more on the trade liberalization. In addition, there is a need to further deepen the banking and stock markets and provide investment friendly environment to enhance domestic investment which, in turn, promotes economic growth.

Financial Liberalization, Economic Growth, and Capital Flight: The Case of Pakistan Economy

2021 ◽  
pp. 115-134
Author(s):  
Ma Degong ◽  
Raza Ullah ◽  
Farid Ullah ◽  
Shahid Mehmood
Keyword(s):  
Economic Growth ◽  
Financial Liberalization ◽  
Capital Flight

scholarly journals Greening the Financial System in USA, Canada and Brazil: A Panel Data Analysis

Mathematics ◽  
2020 ◽  
Vol 8 (12) ◽  
pp. 2217
Author(s):  
Ioan Batrancea ◽  
Larissa Batrancea ◽  
Malar Maran Rathnaswamy ◽  
Horia Tulai ◽  
Gheorghe Fatacean ◽  
...  
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Global Warming ◽  
Data Analysis ◽  
Panel Data ◽  
Co2 Emissions ◽  
Panel Data Analysis ◽  
Financial Sector ◽  
Financial Systems ◽  
Domestic Credit

Each country designs its own scheme to achieve green financing and, in general, credit is considered to be a fundamental source of greening financial systems. The novelty of this study resides in that we examined green financing initiatives in USA, Canada and Brazil by focusing on major components of the financial systems before, during and after the 2008 world financial crisis. By means of panel data analysis conducted on observations ranging across the period 1970–2018, we investigated variables such as domestic credit from banks, domestic credit from the financial sector, GDP, N2O emissions, CO2 emissions and the value added from agriculture, forest and fishing activities. According to our findings, domestic credit from banks was insufficient to achieve green financing. Namely, in order to increase economic growth while reducing global warming and climate change, the financial sector should assume a bigger role in funding green investments. Moreover, our results showed that domestic credit from the financial sector contributed to green financing, while CO2 emissions remained a challenge in capping global warming at the 1.5 °C level. Our empirical study supports the idea that economic growth together with policies targeting climate change and global warming can contribute to green financing. Over and above that, governments should strive to design sustainable fiscal and monetary policies that promote green financing.

Financial systems, regulatory quality, and economic growth

2020 ◽  
pp. 1-29
Author(s):  
Chien-Chiang Lee ◽  
Godwin Olasehinde-Williams ◽  
Ifedolapo Olanipekun
Keyword(s):  
Economic Growth ◽  
Financial Systems ◽  
Regulatory Quality
Sign in / Sign up

Export Citation Format

Share Document