Finance and Growth: An Empirical Assessment of the Indian Economy

Basudeb Guha-Khasnobis and Pranab Das ()

No RP2007-13, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This study is an attempt towards an integration of financial development and its effect on the real sector via the transmission mechanism with special reference to developing and emerging market economies. It finds two cointegrating relations between the financial development, output growth and allocation of credit which makes sense from the standpoint of economic theory. The paper also addresses the issue of causality between finance and growth for the aggregate and broad sectors of the economy.

Keywords: Credit; Economic integration; Finance; Financial institutions (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/rp2007-13.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2007-13

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().