The Effects of Financial Development on Economic Growth in Pakistan

Authors

  • Dr. Syed Wahid Ali Assistant Professor, Department of Economics, Bahauddin Zakariya University (BZU), Multan, Pakistan. Author
  • Nadia Azam PhD Scholar, Department of Economics, The Islamia University of Bahawalpur (IUB), Bahawalpur, Pakistan. Author
  • Muhammad Waseem Author

Keywords:

Financial Development, GDP, Granger Causality

Abstract

The aim of the present study is to analyses the relationship between Pakistan's financial development and economic growth. Annual data are used by the study from 1985 to 2017. Ordinary least square methodology is utilized by the study. The result indicates that there is a positive and important impact of domestic investment on economic growth. The interaction effect of trade openness can create the strong relationship among financial development (Broad money supply and Domestic credit provided by financial sector) and economic growth (GDP).

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Published

2022-03-31

Issue

Vol. 5 No. 1 (2022): jahan-e-tahqeeq

Section

Articles