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- Title
Relationship between Agricultural Growth and Financial Development: a Rolling Window Bound Testing Analysis of Pakistan Economy.
- Authors
Adnan HYE, Qazi Muhammad
- Abstract
Using new cointegration techniques, this study establishes the relationship between financial development and agricultural growth. We find that in the Pakistan, financial development has positive long run effect on agricultural growth. The Rolling Window bound testing confirms that financial development cause agricultural growth, through stable process from the period 1988. Based on the ARDL causality test, we conclude that there is bidirectional causality between financial development and agricultural growth.
- Subjects
PAKISTAN; FINANCE; AGRICULTURE; CAUSATION (Philosophy); COINTEGRATION
- Publication
Banking & Finance Letters, 2009, Vol 1, Issue 4, p169
- ISSN
1308-6588
- Publication type
Article