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Finance–growth nexus revisited for some Asian countries
Applied Economics Letters  (2011)
  • Mete Feridun
This article investigates the causal relationship between financial development and economic growth for Thailand, Indonesia, Malaysia, the Philippines, China, India and Singapore for the period between 1979 and 2009, using Johansen cointegration tests and vector error correction models. The results suggest that in the case of Indonesia, Singapore, the Philippines, China and India financial development leads to economic growth, whereas in the case of Thailand there exists a bidirectional causality between these variables. The results further suggest that in the case of Malaysia financial development does not seem to cause economic growth.
Publication Date
Winter 2011
Citation Information
Mete Feridun. "Finance–growth nexus revisited for some Asian countries" Applied Economics Letters  (2011)
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