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- Title
Short-Run and Long-Run Causality Between the Structure of Financial System and Economic Development.
- Authors
Deltuvaitė, Vilma; Sinevičienė, Lina
- Abstract
This study analyses the implications of the structure of financial system on country's economic development. The aim of the paper is to analyse short-run and long-run causality between the structure of financial system and economic development. The following research methods were used: systemic, logical and comparative analysis of scientific literature; analysis of statistical data; time series model (Autoregressive Distributed Lag (ARDL) Model). The empirical results indicate positive short and long term very weak effect of financial system's shift from bank-based to market-based on GDP per capita.
- Subjects
FINANCE; ECONOMIC development research; GROSS domestic product; AUTOREGRESSION (Statistics); BANKING industry
- Publication
Economics & Business, 2014, Vol 26, p22
- ISSN
2256-0386
- Publication type
Article
- DOI
10.7250/eb.2014.016