Multivariate-based Granger causality between financial deepening and poverty: the case of Pakistan

Ijaz Rehman () and Muhammad Shahbaz

Quality & Quantity: International Journal of Methodology, 2014, vol. 48, issue 6, 3241 pages

Abstract: This paper deals with the empirical investigation of causal relationship between financial deepening, economic growth and poverty reduction using quarter frequency data in case of Pakistan over the period of 1972–2011. We applied the autoregressive distributed lag model bounds testing approach by incorporating structural breaks stemming in the series. The order of integration of the variables is examined by applying structural break unit root test. Our empirical exercise indicated that the long run relationship between financial deepening, economic growth and poverty reduction exists in case of Pakistan. The causality analysis implied that causality results are sensitive with the use of proxy for poverty reduction. Copyright Springer Science+Business Media Dordrecht 2014

Keywords: Financial deepening; Economic growth; Poverty (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (11)

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Working Paper: Multivariate–Based Granger Causality between Financial Deepening and Poverty: The Case of Pakistan (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:qualqt:v:48:y:2014:i:6:p:3221-3241

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DOI: 10.1007/s11135-013-9952-z

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