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КНИЖНЫЙ МИР

Financial Liberalization and Economic Development   Min B. Shrestha

Financial Liberalization and Economic Development

152 страниц. 2010 год.
LAP Lambert Academic Publishing
This work makes significant methodological contribution in the field of impact evaluation by proposing a new aggregated framework for the evaluation of overall impact of financial liberalization. The framework is useful for the impact evaluation of every public policy as it evaluates the impact of a policy or programme against three main dimensions of development, viz: economic growth, redistribution of income and stability. To conduct the empirical analysis using time series data, this work develops a sequential procedure for the unit root test based on a general to specific approach and employs autoregressive distributed lag (ARDL) modelling approach to cointegration analysis. It also presents a comprehensive discussion on the relationship and causality between the financial development and economic growth.
 
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