This research initiative investigates the nature and direction of the causal relationship between financial development and economic growth for the Bolivian case. To achieve these goals, Granger-causality tests within a cointegration and Vector Error Correction Model (VECM) framework are performed. Empirical results support the existence of a stable long-run relationship between financial developm...
Paperback: 80 pages
Publisher: LAP LAMBERT Academic Publishing (March 14, 2012)
Product Dimensions: 5.9 x 0.2 x 8.7 inches
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