Habibullah, Muzafar Shah; Eng, Yoke-kee - In: Journal of the Asia Pacific economy 11 (2006) 4, pp. 377-393
This paper examines the causal relationship between financial development and economic growth of the Asian developing countries from a panel data perspective and uses the system GMM technique developed by Arellano & Bover (1995) and Blundell & Bond (1998) and conducts causality testing analysis....