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Openness, Financial Development and Economic Growth in South Asia

Author

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  • Amina Shahid

    (GIFT Business School, GIFT University Gujranwala)

Abstract

The objective of this paper is to assess the impact of openness and financial development on six South Asian economies for 1985-2017. It considers the achievements of an economy in terms of important indicators such as economic growth, openness, domestic credit to the private sector, population growth, capital and labor. The paper uses fixed effects, random effect model and Panel Ordinary Least Square (OLS) techniques. The analysis clearly specified that economic growth, increased following to openness and financial development. The quantitative examination also proposed that greater financial development and openness has an encouraging effect on economic growth. The findings of this research can be a motivating example of the increasing interest in openness for other countries.

Suggested Citation

  • Amina Shahid, 2019. "Openness, Financial Development and Economic Growth in South Asia," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 8(3), pages 132-139, September.
    • Handle: RePEc:rfh:bbejor:v:8:y:2019:i:3:p:132-139
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    References listed on IDEAS

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    More about this item

    Keywords

    Openness; Economic Growth; Financial development;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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