Handa, Jagdish; Khan, Shubha Rahman - In: Applied Financial Economics 18 (2008) 13, pp. 1033-1049
This article evaluates the plausibility of financial development as a tool to boost economic growth, using time series data on a cross-section of thirteen countries at different stages of development. Using annual data from 1960 to 2002, it conducts stationarity tests on the variables, followed...