Does Financial Development Promote Industrial Production in Pakistan? Evidence from Combined Cointegration and Causality Approach (Record no. 52373)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01892nam a2200229 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190807115433.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190807b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ahad, Muhammad |
| 9 (RLIN) | 7909 |
| 245 ## - TITLE STATEMENT | |
| Title | Does Financial Development Promote Industrial Production in Pakistan? Evidence from Combined Cointegration and Causality Approach |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 297 -312 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This study investigates the impact of financial development on industrial production from 1972 to 2014 in Pakistan. We use the Bayer and Hanck (2013, Journal of Time Series Analysis 34(1), 83–95,) combined cointegration technique to predict the long-run relationship between financial development, saving and industrial production. The results predict three cointegration vectors which confirm the existence of a long-run relationship between underlying variables. The empirical evidence shows a positive impact of financial development and savings on industrial growth in the long run as well as in the short run. The result of the VECM (Vector Error Correction Model) Granger causality confirms the bidirectional causality between financial development and industrial production in the long run. The variance decomposition approach shows that financial development has major contributions in explaining industrial production. The impulse response function also confirms the results of variance decomposition. This research opens new insights for policymaking. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Industrial production |
| Uncontrolled term | Financial development |
| Uncontrolled term | Combine cointegration, |
| Uncontrolled term | VECM Granger |
| Uncontrolled term | Innovative accounting approach, |
| -- | Pakistan |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Dar, Adeel Ahmad |
| 9 (RLIN) | 32946 |
| Personal name | Imran, Muhammad |
| 9 (RLIN) | 34087 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29349 |
| Host Itemnumber | 74851 |
| Main entry heading | BANIK, ARINDAM |
| Place, publisher, and date of publication | NEW DELHI SAGE PUBLISHING PVT. LTD. |
| Other item identifier | 55510427 |
| Title | GLOBAL BUSINESS REVIEW |
| International Standard Serial Number | 0972-1509 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 07/08/2019 | Vol 20, No 2/ 55510427JA2 | 55510427JA2 | 07/08/2019 | 07/08/2019 |