Does financial development cause economic growth? Time-series evidence from 16 countries

TL;DR: In this paper, the authors explore the effects of the capital market on economic growth by considering the role of ṣukūk (Islamic investment certificates) and other capital market sub-components in Malaysia between 1998 and 2018.

TL;DR: In this article, the authors characterise the development of equity markets as a dynamic process that both influences and is influenced by the real sector of the economy and provide a theory of the joint determination of real and financial development with the ability to explain the emergence of a stock market along the path of real development.

TL;DR: This article examined whether there is a threshold above which financial development no longer has a positive effect on economic growth and showed that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP.

TL;DR: In this article, the authors investigated the possible cointegration and direction of causality between foreign direct investment inflow, trade openness, and economic growth in BRs, and found that FDI inflow is correlated with trade openness.

TL;DR: In this article, the limit distributions of the estimator of p and of the regression t test are derived under the assumption that p = ± 1, where p is a fixed constant and t is a sequence of independent normal random variables.

TL;DR: In this paper, the authors consider a nonstationary vector autoregressive process which is integrated of order 1, and generated by i.i.d. Gaussian errors, and derive the maximum likelihood estimator of the space of cointegration vectors and the likelihood ratio test of the hypothesis that it has a given number of dimensions.

TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.