An empirical analysis of causality between development of non-bank financial intermediaries and the economic growth in malaysia

This paper utilizes cointegration and error correction mechanism to test the causal relationship between the development of non-bank financial intermediaries (NBFIs) and per capita economic growth in Malaysia over the period 1974-2004. The study employs ARDL bounds testing approach to cointegrati...

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Bibliographic Details
Main Author: Islam, Mohd Aminul
Format: Article
Language:English
Published: EuroJournals Publishing, Inc 2012
Subjects:
Online Access:http://irep.iium.edu.my/25001/1/AN_EMPIRICAL_ANALYSIS.pdf
http://irep.iium.edu.my/25001/
http://www.europeanjournalofsocialsciences.com
http://www.europeanjournalofsocialsciences.com/ISSUES/EJSS_30_4_15.pdf
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Institution: Universiti Islam Antarabangsa Malaysia
Language: English