Zhang, Shaohua; Yahya, Farzan; Waqas, Muhammad - In: Journal of Applied Economics 24 (2021) 1, pp. 1-16
We examine the effect of macroeconomic stability, transparent government policies, and anti-monopoly policies on financial market development using extensive panel data of 113 countries over the period 2007 to 2017. By applying ARDL-PMG and controlling for GDP, trade openness, and market size,...