280
Views
1
CrossRef citations to date
0
Altmetric
Articles

Effect of financial crisis on sustainable growth: Empirical evidence from Pakistan

&

References

  • Alam, I. 2011. Impact of Financial Crisis on Textile Industry of Pakistan: Evidence from Faisalabad SANEI Working Paper Series No. 11-02.
  • Amjad, R. 2005. “Pakistan's Poverty Reduction Strategy: Why Employment Matters.” The Lahore Journal of Economics, Special Edition, 145–178.
  • Becsi, Z., and P. Wang. 1997. “Financial Development and Growth.” Federal Reserve Bank of Atlanta Economic Review, Fourth Quarter 82: 46–62.
  • Bleaney, M. F., N. Gemmell, and R. Kneller. 2001. “Testing the Endogenous Growth Model: Public Expenditure, Taxation and Growth over the Long-Run.” Canadian Journal of Economics 1: 34.
  • Breusch, T., and L. G. Godfrey. 1981. “A Review of Recent Work on Testing for Autocorrelation in Dynamic Simultaneous Models.” In Macroeconomic Analysis, Essays in Macroeconomics and Economics, edited by D. A. Currie, R. Nobay, and D. Peel, 63–100. London: Croom Helm.
  • Brown, R. L., J. Durbin, and J. M. Evans. 1975. “Techniques for Testing the Constancy of Regression Relationships over Time.” Journal of the Royal Statistical Society 37: 149–192. doi:10.1111/j.2517-6161.1975.tb01532.x.
  • Cellini, R. 1994. “Implication f Solow’s Growth Model: A Stochastic Approach”, Working Papers 194, Department of Economics, University of Bologna, Italy.
  • Child, D. 1970. The Essentials of Factor Analysis. Oxford: Holt, Rinehart and Winston.
  • Cooray, A. 2009. “The Financial Sector and Economic Growth”, University of Wollongong Economics Working Paper Series 2008, WP 09-02.
  • Coudert, V., C. Couharde, and V. Mignon. 2010. “Exchange Rate Flexibility across Financial Crises”, Centre d'EtudesProspectives et d'InformationsInternationales (CEPII), Working Paper 2010-08.
  • Dickey, D. A., and W. A. Fuller. 1979. “Distribution of the Estimators for Autoregressive Time Series with a Unit Root.” Journal of the American Statistical Association 74 (366): 427–431. doi:10.2307/2286348.
  • Dornbusch, R., and A. Reynoso. 1989. “Financial Factors in Economic Development.” American Economic Review Papers and Proceedings 79: 204–209.
  • Engle, R. F. 1982. Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica 50 (4): 987–1007.
  • Fischer, S. 1993. “The Role of Macroeconomic Factors in Growth.” Journal of Monetary Economics 3: 32.
  • Folawewo, A. O., and D. Tennant. 2008. “Determinants of Interest Rate Spreads in Sub-Saharan African Countries: A Dynamic Panel Analysis”, A Paper Prepared for the 13th Annual African Econometrics Society Conference, 9–11 July, 2008, Pretoria, Republic of South Africa.
  • Fry, M. J. 1988. Money, Interest and Banking in Economic Development. Baltimore, MD: The Johns Hopkins University Press. doi:10.1086/ahr/44.3.651.
  • Fukuda, T. 2012. “Financial Development, Economic Growth andFinancial Crisis in Asian Emerging Economies.” Research in Applied Economics 2: 4.
  • Goldsmith, R. W. 1969. Financial Structure and Development. New Haven, CT: Yale University Press.
  • Hendry, D. F. 1995. Dynamic Econometrics. Oxford: Oxford University Press.
  • Kaminsky, G. L., and C. M. Reinhart. 1999. “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems.” American Economic Review 89 (3): 473–500. doi:10.1257/aer.89.3.473.
  • Karshenasan, A., and A. Mobarak. 2009. “The Relationship Between Financial Development and Economic Growth Convergence.” Middle East Journal of Business 7 (4): 14–22.
  • Khalil Ahmad, K., and S. Wajid. 2013. “What Matters for Economic Growth in Pakistan: Fiscal Policy or Its Composition?” Asian Economic and Financial Review 3 (2): 196–215.
  • Khan, M. A., and A. Qayyum. 2007. “Trade, Financial and Growth Nexus in Pakistan.” Economic Analysis Working Papers, Vol. 6, No. 14.
  • Kneller, R., M. F. Bleaney, and N. Gemmell. 1999. “Fiscal Policy and Growth: Evidence from OECD Countries.” Journal of Public Economics 74: 171–190. doi:10.1016/S0047-2727(99)00022-5
  • Levine, R., and S. Zervos. 1998. “Stock Markets, Banks, and Economic Growth.” The American Economic Review 88 (3): 537–558.
  • Maddala, G. S. 1992. Introduction to Econometrics. 2nd ed. New York: Macmillan Publishing Company.
  • Mankiw, N. G., D. Romer, and D. Weil. 1992. “A Contribution to the Empirics of Economic Growth.” Quarterly Journal of Economics 107 (2): 407–437. doi:10.2307/2118477.
  • McKinnon, R. I. 1973. Money and Capital in Economic Development. Washington, DC: Brookings Institution.
  • Meurer, R. 2011. “Measuring the Impact of Financial Flows on Macroeconomic Variables: The Case of Brazil After the 2008 Crisis,”, Federal University of Parana, Department of Economics, Working Papers 0117.
  • Oshikoya, T. W. 1992. “Interest Rate Liberalization, Savings, Investment and Growth: The Case of Kenya.” Savings and Development 16 (3): 305–320.
  • Pesaran, M. H., Y. Shin, and R. J. Smith. 2001. “Bounds Testing Approaches to the Analysis of Level Relationships.” Journal of Applied Econometrics 16 (3): 289–326. Voldoi:10.1002/jae.616.
  • Schumpeter, J. A. 1911. The Theory of Economic Development. Cambridge, MA: Harvard University Press.
  • Shaw, E. S. 1973. Financial Deepening in Economic Development. New York: Oxford University Press.
  • Shrestha, M. B., and K. Chowdhury. 2005. “ARDL Modelling Approach to Testing the Financial Liberalisation Hypothesis”, Economics Working Paper Series 2005, University of Wollongong.
  • Sologoub, D. 2006. “The Determinants of Bank Interest Margins and Profitability: Case of Ukraine,” Workshop on Transition Economics., Helsinki.
  • Solow, R. M. 1956. “A Contribution to the Theory of Economic Growth.” Quarterly Journal of Economics 70 (1): 65–94. doi:10.2307/1884513.
  • State Bank of Pakistan (SBP). (n.d.). Monthly Statistical Bulletin (Various issues), Karachi.
  • Stevárek, D. 2007. “Comparative Analysis of the Exchange Market Pressure in Central European Countries with the Eurozone Membership Perspective”, MPRA, Silesian University – School of Business Administration.
  • Stock, J. H., and M. W. Watson. 2003. Introduction to Econometrics. 3rd ed. Boston, MA: Addison Wesley.
  • Sweetland, S. R. 1996. “Human Capital Theory: Foundations of a Field of Inquiry.” Review of Educational Research 66 (3): 341–359. doi:10.2307/1170527.
  • Tjahjawandita, A., T. D. Tito Dimas Pradono, and R. Rinaldi. 2009. “Spatial Contagion of Global Financial Crisis,” Working Paper in Economics and Development Studies No. 200906, 123–138.
  • Usman, M. 2010. “Global Financial Crisis: Its Impact on Developing Countries and Lessons for Pakistan.” Islamabad Policy Research Institute Journal 10 (1): 93–118.
  • World Bank Report. 2009. “Impact of Global Financial Crisis on South Asia”.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.