An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries
An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries
复制标题
对选定南盟国家银行业发展和经济增长的实证调查
DOI：
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发表时间：
2016
期刊：
影响因子：
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通讯作者：
Malik Fahim Bashir
中科院分区：
文献类型：
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作者：
Javed Ahmed;Malik Fahim Bashir
本文运用普通最小二乘法(OLS)、两阶段最小二乘法(TSLS)和面板最小二乘法固定效应模型，考察了1980-2013年南亚区域合作联盟(SAARC)银行业发展与经济增长之间的关系。关键的银行业发展变量包括货币和准货币(RQM)以及银行对私营部门的国内信贷(PC)在所有模型中都对经济增长具有积极和统计上的稳健影响。研究得出的结论是，没有银行业的大幅增长，任何经济体都不可能发展，拥有健全和严格的银行体系对于建立可持续的经济增长非常重要。因此，建议南盟经济体将重点放在银行业的发展上，以实现其长期增长。
This study examine the relationship between banking sector development and economic growth in South Asian Association for Regional Cooperation (SAARC) over the period of 1980-2013 by entailing ordinary least square (OLS), two stages least square (TSLS), and panel TSLS fixed-effect model. Key banking sector development variables include money and quasi money (RQM) and domestic credit to private sector by banks (PC) have a positive and statistically robust effect on economic growth in all models. The study concludes that no economy can develop without a substantial growth in the banking sector and it is important to have a sound and rigorous banking system for building a sustained economic growth. Therefore, the SAARC economies are suggested to focus on the development of the banking sector for their long run growth.