Determinants of Financial Development. A Case Study of Pakistan
Determinants of Financial Development. A Case Study of Pakistan
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金融发展的决定因素。
DOI：
10.2139/ssrn.3122911
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发表时间：
2018
期刊：
影响因子：
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通讯作者：
Munawar Hussain
中科院分区：
文献类型：
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作者：
Beenish Shabbir;Lubna Jamil;S. Bashir;Najaf Aslam;Munawar Hussain
本研究旨在调查巴基斯坦金融发展的决定因素。 1995 年至 2015 年期间收集的数据。回归分析和相关分析已用于解释结果。我们测试了五个因素来衡量它们对金融发展的影响。通货膨胀、贸易开放度、市值、投资率和利率已被用来衡量其作为金融发展决定因素的作用。实证结果表明，通货膨胀、贸易开放度、市值、投资率和利率等变量对金融发展都有显着影响。这项研究对政策制定者、研究人员和金融机构都有好处。然而，它有一些局限性，因为仅从发展中国家的角度测试了五个变量。
This study aims to investigate the determinants of financial development in case of Pakistan. Data collected during the time period of 1995-2015. Regression analysis and correlation analyses has been used for the interpretation of results. Five factors have been tested to measure their impact on financial development. Inflation, trade openness, market capitalization, investment rate and interest rate have been used to measure their role as determinants of financial development. Empirical findings indicate that all variables inflation, trade openness, market capitalization, investment rate and interest rate have significant impact on financial development. This study is beneficial for policy makers, researchers and financial institutions. However it has several limitations as only five variables have been tested only in the perspective of a developing country.