Journal article

The dynamics of banking sector and stock market maturity and the performance of Asian economies

Rudra P. Pradhan, Mak B. Arvin, Neville R. Norman, John H. Hall

Journal of Economic and Administrative Sciences | Emerald | Published : 2014


Purpose – The purpose of this paper is to examine the nature of causal relations between banking sector maturity, stock market maturity, and four aspects of performance and operation of the economy: economic growth, inflation, openness in trade, and the degree of government involvement in the economy. Design/methodology/approach – The authors look for possible links between the variables by conducting panel cointegration and causality tests, using a large sample of Asian countries over the period 1960-2011. Novel panel data estimation methods allow for robust estimates, using both variation between countries and variat..

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University of Melbourne Researchers

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