Content Details | NUML Online Research Repository

Content Details

Back to Department Listing

Title Nexus of Democracy, Financial Openness and Financial Development: A Panel Analysis of Selected Asian Countries

Author(s) Ms. Saba Saleem

Abstract Financial development is a key for all developments in any countries .several proxies have been selected by numerous studies that play their part effectively in acceleration of financial development activities. To maintain the study at fix important variables including democracy, financial openness, and all the indicators of these variables The current study explores the determinants of financial development process in selected countries of South Asian Association for Regional Corporation (SARRC) namely, Pakistan, India, Sri Lanka, Nepal and Bangladesh. Financial development is measured by financial openness and democracy. For empirical estimation, fixed effect model is used on panel data from the period of 1975to 2019.The empirical findings reveal that financial development will be effected by financial openness and democracy as in long run democracy will significantly affect financial development but in short run democratic situation will have negative reaction for financial development. In long run financial openness have negative impact but in short run it will significantly affect financial development. Democracy along with financial openness is positively related to financial development in short run as well as in long run.

Type Thesis/Dissertation

Faculty Management Sciences

Department Economics

Language English

Publication Date 2023-06-05

Subject

Publisher

Contributor(s)

Format

Identifier

Source

Relation

Coverage

Rights