Financial Reforms and Industrial Sector Growth: Bound Testing Analysis for Pakistan
By: Shahida Wizarat and Qazi Hye
Open Access
|Jun 2011References
- Arphasil, P (2001). "Financial Liberalization and Financial Crisis: The Case of Thailand". In Masayoshi Tsurumi (Eds), Financial Big Bang in Asia. Aldershot, Ashgate Publishing Limited: pp.167-189.
- Barro, R (1991). Economic Growth in a Cross Section of Countries., 106:407-443.
- Behrman, J., Birdsall, N and Pettersson, G (2009). "Schooling Inequality, Crises, and Financial Liberalization in Latin America". Center for Global Development Working Paper No. 165.
- Buffie, E.F. (1984). Financial Repression, the New Structuralists, and Stabilization Policy in Semi-industrialized Economies., 14:305-322.
- Demirgucs-Kunt, A and Enrica, D (2001). Financial Liberalization and Financial Fragility. In Gerald Caprio, Patrick Honohan and Joseph E. Stiglitz (Eds.), Financial Liberalization: How Far, How Fast? Cambridge, Cambridge University Press.
- Engle, R.F and, C.W.J Granger (1987). Cointegration and Error Correction: Representation, Estimation and Testing., 55(2): 251-276.
- Goldberg, L.S (2007). Financial Sector FDI and Host Countries: New and old Lessons., 13(1): 1-17.
- Goldsmith, R.W (1969). Financial Structure and Development. New Haven, Yale University Press.
- Gregory, A.W and Hansen, B.E (1996). Residual Based Tests for Cointegration in Models with Regime Shifts., 70: 99-126.
- Hicks, J (1969). A Theory of Economic Growth. Oxford Clarendon Press.
- Hye, Q.M.A and Wizarat, S (2010). Financial Liberalization Index for Pakistan., to be published in forthcoming issue.
- Jappelli and Pagano, M (1994). Saving, Growth and Liquidity Constraints., 109: 83-109.
- Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegration Vectors in the Presence of Linear Trend., 59: 1551-1580.
- Johansen, S. (1995). A Statistical Analysis of I (2) Variables., 11: 25-59.
- Khan, M.A and Qayyum, A (2006). Trade Liberalization, Financial Sector Reforms and Growth. Available on
- La Porta, R., Lopez-de-Silanes, F and Shleifer, A (2002). "Government Ownership of Banks". Journal of Finance, 57(1): 265-301.
- Levine, R (1997). Financial Development and Economic Growth: Views and Agenda., 35: 688-726.
- Levine, R. and Beck, T (2000). "Financial Intermediation and Growth: Causality and Causes". Journal of Monetary Economics, 46(1): 31-77.
- Lewis, W. A. (1955). The Theory of Economic Growth. London, George Allen and Unwin Ltd.
- Lucas, R.E. Jr. (1988). On the Mechanics of Economic Development., 22: 3-42.
- McKinnon, R.I (1973). Money and Capital in Economic Development. Washington DC, Brooking Institution.
- Mete, F (2007). Financial Liberalization and currency Crises: The Case of Turkey. Available at:
- Pesaran, M.H and Bahram, P (1997). Working With Microfit 4.0: Interactive Econometric Analysis. Oxford University Press.
- Pesaran, M.H., Shin, Y and Smith, R.J (2001). Bound Testing Approaches to the Analysis of Level Relationships., 16:289-326.
- Phillips and Hansen (1990). Statistical Inference in Instrumental Variables Regression with I (1) Process., 57: 99-125.
- Phillips, P.C and, P. Perron. (1988). Testing for a Unit Root in a Time Series Regression., 75: 335-346.
- Robinson, J (1952). The Generalization of the General Theory and Other Essays. London, the McMillan Press Ltd.
- Romer, P.M (1986). Increasing Returns and Long-Run Growth., 94: 1002-1037.
- Schumpeter, J.A (1911). The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle. Translated and Reprinted 1961, New York: Oxford University Press.
- Schumpeter, J.A (1934). The Theory of Economic Development. Cambridge, MA, Harvard University Press.
- Shaw, E.S (1973). Financial Deepening in Economic Development. New York, Oxford University Press.
- . "Corporate Governance, Competition, The New International Financial Architecture and Large Corporations in merging Markets". Publish in the Proceedings of the United Nations Conference On Trade and Development: 1-70
- Stiglitz, J (1994). Economic Growth Revisited., 3(1): 65-110.
- Thomas (2007). "Financial Sector Reforms and Manufacturing Growth in India: A Preliminary Analysis" Available on:
- Tornell, A., Westermann, F and Martinez, L (2004). The Positive Link between Financial Liberalization, Growth and Crises. National Bureau of Economic Research Working Paper No. 10293 (February).
- Turner, P (2006). Response Surfaces for an F-test for Cointegration., 13: 479-482.
- Van, W. S (1982). Stagflationary Effects of Monetary Stabilization Policies., 10: 133-169.
- Wade, R (2001). From Miracle to Cronyism: Explaining the Great Asian Slump. In Chang, H., Palma, G and Whittaker, D.H (Eds), Financial Liberalization and the Asian Crisis. Hampshire and New York, Palgrave.
Language: English
Page range: 75 - 81
Published on: Jun 3, 2011
Published by: University of Sarajevo
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year
Related subjects:
© 2011 Shahida Wizarat, Qazi Hye, published by University of Sarajevo
This work is licensed under the Creative Commons License.