Financial Development and Economic Growth in Sri Lanka

Q3 Social Sciences

Applied Econometrics and International Development Pub Date : 2016-09-01 DOI:10.15027/41408

N. Perera, R. Paudel

引用次数: 43

Abstract

This study investigates the causal relationship between financial development and economic growth in Sri Lanka over the period 1955 to 2005. After considering the time series characteristics of six measures of financial development, Johansen cointegration and the appropriate Error Correction Model are used to investigate the causal relationship between financial development and economic growth. The findings suggest that broad money causes economic growth with two-way causality. The major finding of this study does not strongly support the view that financial development boosts economic growth.

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斯里兰卡的金融发展和经济增长

本文研究了1955年至2005年期间斯里兰卡金融发展与经济增长之间的因果关系。在考虑了六项金融发展指标的时间序列特征后，采用约翰森协整和相应的误差修正模型来研究金融发展与经济增长之间的因果关系。研究结果表明，广义货币导致经济增长具有双向因果关系。本研究的主要发现并不强烈支持金融发展促进经济增长的观点。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Applied Econometrics and International Development Social Sciences-Political Science and International Relations

CiteScore

1.20

自引率

0.00%

发文量

期刊介绍： This journal is scheduled to finish publication in year 2020, after reaching its goals.AEID is a refereed and printed journal in English, published for the period 2001-2020, included in Econ-Lit, SCOPUS, IBSS, SSRN and other selected indexes of Economics research. The emphasis is on economic development with and international and quantitative approach, and the main aim is to foster international cooperation to development.