Artikel
Financial innovation, stock market development, and economic growth: An application of ARDL model
This study aims to explore the relationship between economic growth, financial innovation, and stock market development of Bangladesh for the period 1980-2016. To investigate long-run cointegration, this study used the autoregressive distributed lagged (ARDL) bounds testing approach. In addition, the Granger-causality test is used to identify directional causality between research variables under the error correction term. Study findings from the ARDL bound testing approach confirm the existence of a long-run association between financial innovation, stock market development, and economic growth. Furthermore, the findings from the Granger-causality test support bidirectional causality between financial innovation, economic growth and stock market development, and economic growth both in the long run and short run. These findings support the theory that market-based financial development and financial innovation in the financial system can spur economic development.
- Sprache
-
Englisch
- Erschienen in
-
Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 6 ; Year: 2018 ; Issue: 3 ; Pages: 1-30 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Socialist Institutions and Their Transitions: Financial Economics
General Equilibrium and Disequilibrium: Financial Markets
Economywide Country Studies: Asia including Middle East
- Thema
-
ARDL
economic growth
financial innovation
stock market development
Granger-causality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Qamruzzaman, Md.
Wei, Jianguo
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2018
- DOI
-
doi:10.3390/ijfs6030069
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Qamruzzaman, Md.
- Wei, Jianguo
- MDPI
Entstanden
- 2018
Ähnliche Objekte (12)
The impact of financial development on economic growth in Nigeria: An ARDL analysis
Islamic financial depth, financial intermediation, and sustainable economic growth: ARDL approach
Barriers to financial innovation: Corporate finance perspective
Causality between stock prices and exchange rates in Turkey: Empirical evidence from the ARDL bounds test and a combined cointegration approach
Recent advancements in section 'financial technology and innovation'
The ardl method in the energy-growth nexus field: Best implementation strategies
Asymmetrical linkages between foreign exchange and stock markets: Empirical evidence through linear and non-linear ARDL
ICT adoption and stock market development in Africa: An application of the panel ARDL bounds testing procedure
Financial and non-financial obstacles to innovation: Empirical evidence at the firm level in the MENA region
Impact of Khartoum Stock Exchange market performance on economic growth: An autoregressive distributed lag ARDL bounds testing model
The relationship between non-financial reporting, environmental strategies and financial performance: Empirical evidence from Milano stock exchange
Optimal cash holding ratio for non-financial firms in Vietnam stock exchange market
The impact of financial development on economic growth in Nigeria: An ARDL analysis
Islamic financial depth, financial intermediation, and sustainable economic growth: ARDL approach
Barriers to financial innovation: Corporate finance perspective
Causality between stock prices and exchange rates in Turkey: Empirical evidence from the ARDL bounds test and a combined cointegration approach
Recent advancements in section 'financial technology and innovation'
The ardl method in the energy-growth nexus field: Best implementation strategies
Asymmetrical linkages between foreign exchange and stock markets: Empirical evidence through linear and non-linear ARDL
ICT adoption and stock market development in Africa: An application of the panel ARDL bounds testing procedure
Financial and non-financial obstacles to innovation: Empirical evidence at the firm level in the MENA region
Impact of Khartoum Stock Exchange market performance on economic growth: An autoregressive distributed lag ARDL bounds testing model
The relationship between non-financial reporting, environmental strategies and financial performance: Empirical evidence from Milano stock exchange
Optimal cash holding ratio for non-financial firms in Vietnam stock exchange market
The impact of financial development on economic growth in Nigeria: An ARDL analysis
Islamic financial depth, financial intermediation, and sustainable economic growth: ARDL approach
Barriers to financial innovation: Corporate finance perspective
Causality between stock prices and exchange rates in Turkey: Empirical evidence from the ARDL bounds test and a combined cointegration approach
Recent advancements in section 'financial technology and innovation'
The ardl method in the energy-growth nexus field: Best implementation strategies
Asymmetrical linkages between foreign exchange and stock markets: Empirical evidence through linear and non-linear ARDL
ICT adoption and stock market development in Africa: An application of the panel ARDL bounds testing procedure
Financial and non-financial obstacles to innovation: Empirical evidence at the firm level in the MENA region
Impact of Khartoum Stock Exchange market performance on economic growth: An autoregressive distributed lag ARDL bounds testing model
The relationship between non-financial reporting, environmental strategies and financial performance: Empirical evidence from Milano stock exchange