Since 2014
Financial Development and Economic Growth:The Role of Energy Consumption
Journal of Quantitative Methods
View Archive Info| Field | Value | |
| Title |
Financial Development and Economic Growth:The Role of Energy Consumption
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| Creator |
Siddique, Hafiz Muhammad Abubakar
Usman, Sadaf Ishaq, Junaid |
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| Description |
The study investigates financial development and economic growth nexus, incorporating use of energy resources for Pakistan for 1980-2016, using Johansen co-integration and granger causality approach. The results of Johansen test for co-integration show the link between financial development, energy and economic growth in the long time span. The findings of granger causation test uncovered a two-way causality between capital and economic growth. The one-way causality exists from economic growth in energy and financial development. The findings also exposed the one-way causality from capital formation and exports to use of energy. The government should take steps to make financial sectors stronger as it has a great role in increasing the growth of an economy.
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| Publisher |
Department of Quantitative Methods, School of Business and Economics, University of Management and Technology, Lahore Pakistan
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| Date |
2018-08-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://ojs.umt.edu.pk/index.php/jqm/article/view/28
10.29145/2018/jqm/020204 |
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| Source |
Journal of Quantitative Methods; Vol 2 No 2 (2018): August; 43-55
2522-2260 2522-2252 10.29145/JQM/22 |
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| Language |
eng
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| Relation |
https://ojs.umt.edu.pk/index.php/jqm/article/view/28/23
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| Rights |
Copyright (c) 2018 Hafiz Muhammad Abubakar Siddique, Sadaf Usman, Junaid Ishaq
http://creativecommons.org/licenses/by/4.0 |
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