TY - JOUR
T1 - Financial development and economic growth in India
T2 - 1970-1971 to 1998-1999
AU - Bhattacharya, Prabir C.
AU - Sivasubramanian, M. N.
PY - 2003/12
Y1 - 2003/12
N2 - This paper examines the causal relationship between financial development and economic growth in India for the period 1970-1971 to 1998-1999, using the techniques of unit root and cointegration analysis. The results show that, for the period under consideration, it is M3, representing financial sector development, which led GDP and not the other way around.
AB - This paper examines the causal relationship between financial development and economic growth in India for the period 1970-1971 to 1998-1999, using the techniques of unit root and cointegration analysis. The results show that, for the period under consideration, it is M3, representing financial sector development, which led GDP and not the other way around.
UR - http://www.scopus.com/inward/record.url?scp=0344120852&partnerID=8YFLogxK
U2 - 10.1080/0960310032000129590
DO - 10.1080/0960310032000129590
M3 - Article
VL - 13
SP - 905
EP - 909
JO - Applied Financial Economics
JF - Applied Financial Economics
IS - 12
ER -