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FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN ASIA

dc.contributorVisamanh Sanaphanhth
dc.contributorVisamanh Sanaphanhth
dc.contributor.advisorYuthana Sethapramoteth
dc.contributor.advisorยุทธนา เศรษฐปราโมทย์th
dc.date.accessioned2022-03-03T04:21:26Z
dc.date.available2022-03-03T04:21:26Z
dc.date.issued12/8/2022th
dc.identifier.urihttps://repository.nida.ac.th/handle/662723737/5633th
dc.description.abstractThis study has the propose to investigate the relationship between financial development and economic growth of overall countries in Asia, using the financial development indicators such as banking development indicators, stock market development indicators and economic growth taken as a panel data of all 48 countries in Asia that cover the period of 1975-2015. The study also proceeds the country-specific effects by applying panel data fixed effects methods, performing the causality test using panel var causality and apply the Generalized Method of Moments (GMM), following the literature the instrumental variable (IV) is included which showed the efficiency of financial development impact on economic growth. The empirical results indicate that stock market capitalization has several causal effects on economic growth. Furthermore, Asian economies with well-developed stock markets tended to grow faster than those without well-developed stock markets. Moreover, economies with large stock market capitalization are inclined to experience strong economic growth. However, there was no significant evidence to support that banking sector development indicators can boost economic growth in Asia. Keywords: Financial development, Stock market, Economic growth, Panel data, Asia.th
dc.description.provenanceMade available in DSpace on 2022-03-03T04:21:26Z (GMT). No. of bitstreams: 2 5910312015.pdf: 2141559 bytes, checksum: 0f31cdfb57d0482b26342ac14ea542ea (MD5) license.txt: 202 bytes, checksum: b73cf3ce748735a79944aa8bb026b893 (MD5) Previous issue date: 12th
dc.language.isoength
dc.publisherNational Institute of Development Administrationth
dc.subject.classificationEconomicsth
dc.titleFINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN ASIAth
dc.titleFINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN ASIAth
dc.typeTextth


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