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What are the mechanisms linking financial development and economic growth in Malaysia?

Ang, James

Description

This paper estimates a six-equation model of financial development and economic growth for Malaysia to shed light on the mechanisms linking these two variables. The results indicate that financial development leads to higher output growth via promoting both private saving and private investment. The findings also provide some support for the hypothesis of endogenous financial development and growth models that finance leads to higher growth through improved efficiency of investment. There is...[Show more]

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
URI: http://hdl.handle.net/1885/56649
Source: Economic Modelling
DOI: 10.1016/j.econmod.2007.04.006

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