第一个书签之前
声明
CHAPTER#1INTRODUCTION OF THE STUDY
1.1 Background of the Study
1.2 Problem Statement of the Study
1.3 Innovation of the Study
1.4 Objectives of the Study
1.4.1 The definite objectives of the current study are listed as follows;
1.4.2 Research Questions
1.5 Significance of the Study
1.6 Structure of the Study
CHAPTER#2THE ASSOCIATION OF FINANCIAL DEVELOPMENTAND ECONOMIC GROWTH THEORETICALAND EMPIRICALLITERATURE
2.1 Introduction
2.2 The Impact of Financial Development on Economic Growth
2.2.1 Economic growth and Banking sector development
2.2.2 Stock market development and economic growth
2.2.3 Cross country studies on finance growth nexus
2.2.4 Time Series Studies on finance growth nexus
2.2.5 Panel Studies on finance growth nexus
2.2.6 Firm Level Studies on finance Growth nexus
2.3 Different financial systems and economic growth
2.3.1 Recent literature on finance growth nexus
2.3.2 Bank Based financial system and economic growth
2.3.3 Market Based Financial System and economic growth
2.4 Studies on bank based finance and Growth
2.4.1 Nature of Association: The Bank based system
2.4.3 Studies in Favor of Supply-Leading View
2.4.4 Demand-Following Hypothesis
2.5 Empirical Evidence on stock markets and growth
2.5.1 The Nature of Association on stock markets and growth
2.5.2 Market based finance and growth: The nature of association
2.5.3 Supply-Leading Response of finance growth nexus
2.5.4 The Demand-Following Response
2.6 Theoretical and Empirical Foundation of variables
2.6.1 Bank-Based Financial Development variables
2.6.2 Market-Based Financial Development variables
2.6.3 Empirical Foundation of other Control Variables
2.7 Finance growth relationship in different economies
2.8 Theoretical Evaluation of finance Growth relationship
2.8.1 Harrod-Domar Growth Model
2.8.2 The Neoclassical Growth Model
2.8.3 Endogenous Growth Models
2.8.4 The Schumpeterian Growth Model
2.9.1 Intermediation Theory
CHAPTER#3FINANCIAL DEVELOPMENTAND ECONOMIC GROWTH IN PAKISTAN, INDIA, BANGLADESH AND SARI LANKA: AN OVERVIEW
3.1 Introduction
3.2 Financial Development in Pakistan
3.2.1 Bank-Based Financial Development in Pakistan
3.2.2 Pakistan’s Bank-Based Financial System Overview
3.2.3 Banking Sector Reforms in Pakistan
3.2.4 Banks Growth and Economic Growth in Pakistan
3.2.5 Challenges Facing Bank-Based Financial Development in Pakistan
3.2.6 Stock Market Development in Pakistan
3.2.7 Origin of the Stock Market in Pakistan
3.2.8 Stock Market Reforms in Pakistan
3.2.9 Stock Market Growth and Economic Growth in Pakistan
3.2.10 Challenges Faced by Stock Market Development in Pakistan
3.3 Financial Development in India
3.3.1 Bank-Based Financial Development in India
3.3.2 Overview of India’s Bank-Based Financial System
3.3.3 Bank-Based Financial Reforms in India
3.3.4 Banking Sector Growth and Economic Growth in India
3.3.5 Challenges Facing Bank-Based Financial Development in India
3.3.6 Indian Stock Market Development
3.3.7 Origin of India Stock Market
3.3.8 Reforms in India Stock Market
3.3.9 Stock Market and Economic Growth in India
3.3.10 Challenges to Stock Market Development in India
3.4 Financial Development in Bangladesh
3.4.1 Bank-Based Financial Development in Bangladesh
3.4.2 Overview of Bangladesh’s Bank-Based Financial System
3.4.3 Bank-Based Financial Reforms in Bangladesh
3.4.4 Banking Sector Growth and Economic Growth in Bangladesh
3.4.5 Challenges Facing Bank-Based Financial Development in Bangladesh
3.4.6 Stock Market Development in Bangladesh
3.4.7 Origin of the Stock Market of Bangladesh
3.4.8 Stock Market Reforms in Bangladesh
3.4.9 Stock Market Growth and Economic Growth in Bangladesh
3.4.10 Challenges Facing Stock Market Development in Bangladesh
3.5 Financial Development in Sri Lanka
3.5.1 Bank-Based Financial Development in Sri Lanka
3.5.2 Overview of Sri Lanka Bank Based Financial System
3.5.3 Bank-Based Financial Reforms in Sri Lanka
3.5.4 Banking Sector Growth and Economic Growth in Sri Lanka
3.5.5 Challenges Facing Bank-Based Financial Development in Sri Lanka
3.5.6 Stock Market Development in Sri Lanka
3.5.7 Origin of the Stock Market of Sri Lanka
3.5.8 Stock Market Reforms in Sri Lanka
3.5.9 Stock Market Growth and Economic Growth in Sri Lanka
3.5.10 Challenges Facing Stock Market Development in Sri Lanka
3.6 Conclusion of the Chapter
CHAPTER#4METHODOLOGY AND MODEL SPECIFICATION OF THE STUDY
4.1 Introduction
4.1.1 Research design
4.2 Empirical Model Specification
4.2.1 Hypothesis of the Study
4.2.2 Theoretical and Empirical Underpinnings of the Model
4.3 The General Empirical Model
4.4 Econometric Methodology
4.4.1 Ordinary Least Square (OLS)
4.4.2 Fixed Effect Model
4.4.3 Random Effect Model
4.4.4 Hausman test for fixed effect and random effect models
4.4.5 Dynamic Panel Model
4.4.6 Motivation for Dynamic Panel Model
4.4.7 Explanation of the Generalized Method of Momentum (GMM)
4.8 Fully Modified Ordinary Least Squares (FMOLS)
4.9 The (DOLS) Dynamic OLS estimation
CHAPTER#5ECONOMETRICANALYSIS AND EMPIRICALFINDINGS
5.1 Introduction
5.2 Data collection
5.2.1 Definition and selection of Variables
5.2.2 Bank-Based Financial Development
5.2.3 Market-Based Financial Development
5.2.4 Control Variables
5.2.5 Descriptive Statistics
5.3 Analysis and Empirical Findings
5.3.1 Unit Root Tests
5.3.2 Results of Panel co-integration
5.3.3 Results of Fully Modified OLS (FMOLS) Model
5.2.4 Dynamic OLS (DOLS) estimation results
5.4 Results of OLS, Fixed effect and Generalized Method of Moments
5.4.1 The effect of Bank-Based Financial Development on Economic Growth
5.4.2 The effects of Market-Based Financial Development on Economic Growth
5.5 The impact of individual indicators on Economic growth
5.5.1 The Effect Private Sector Credit (FD) on Economic Growth
5.5.2 The effect of Financial Development (Broad Money) on Economic Growth
5.5.3 The Effects of Financial Development(Liquid Liabilities) on Economic Growth
5.5.4 The Effect of Market Capitalization (FD) on Economic Growth
5 .5.5 The Effects of Financial Development (Stock Turnover Ratio) on Economic Growth
5.5.6 The effect of Financial Development (Value of Stocks Traded) on Economic Growth
5.6 Robustness checks
5.6.1 Robustness check-Ⅰ
5.6.2 Robustness check-Ⅱ
5.7 Results Summary of SouthAsian-4 Countries
5.8 Conclusion of the Chapter
CHAPTER#6CONCLUSIONAND POLICIES IMPLICATIONS
6.1 Introduction
6.2 Summary of the Study
6.3 Summary of Empirical Findings
6.4 Conclusions and Policy Implications
6.5 Limitations and FurtherArea for Research
参考文献
APPENDIXES
致谢
LIST OF PUBLICATIONS AND RESEARCH OUTPUTS
广西大学;
