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Estimating the permanent growth effects of financial liberalization: The case of Malaysia

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Author Info
Rao, B. Bhaskara

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Abstract

We argue that the specifications used to estimate the permanent growth effects of reforms in the financial sector are unsatisfactory. Using a modified specification and data for the period 1970 to 2004, we show developments in the financial sector in Malaysia have a small but significant permanent effect on the growth of output. Our results are different from the conclusions in a recent work on this topic.

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File URL: http://mpra.ub.uni-muenchen.de/8278/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8278.

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Date of creation: 16 Apr 2008
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Handle: RePEc:pra:mprapa:8278

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Related research
Keywords: Growth effects of financial development Solow model Malaysia.

Find related papers by JEL classification:
F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other
O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment

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This page was last updated on 2008-11-18.

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