Multivariate-based Granger causality between financial deepening and poverty: the case of Pakistan

被引：13

作者：

Rehman, Ijaz Ur ^{[1
]}

Shahbaz, Muhammad ^{[2
]}

机构：

[1] Univ Malaya, Dept Finance & Banking, Fac Business & Accountancy, Kuala Lumpur, Malaysia

[2] COMSATS Inst Informat Technol, Dept Management Sci, Lahore, Pakistan

来源：

QUALITY & QUANTITY | 2014年 / 48卷 / 06期

关键词：

Financial deepening; Economic growth; Poverty; AUTOREGRESSIVE TIME-SERIES; GROWTH EMPIRICAL-EVIDENCE; ECONOMIC-GROWTH; UNIT-ROOT; TESTS; COINTEGRATION; INEQUALITY;

D O I：

10.1007/s11135-013-9952-z

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

This paper deals with the empirical investigation of causal relationship between financial deepening, economic growth and poverty reduction using quarter frequency data in case of Pakistan over the period of 1972-2011. We applied the autoregressive distributed lag model bounds testing approach by incorporating structural breaks stemming in the series. The order of integration of the variables is examined by applying structural break unit root test. Our empirical exercise indicated that the long run relationship between financial deepening, economic growth and poverty reduction exists in case of Pakistan. The causality analysis implied that causality results are sensitive with the use of proxy for poverty reduction.

引用

页码：3221 / 3241

页数：21

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[21] Financial development and poverty reduction in developing countries [J].