Financial Development and Economic Growth: Time Series Evidence from China and Pakistan. Essay

262 Words2 Pages
Financial Development and Economic Growth: Time Series Evidence from China and Pakistan. Abdul Jalil and Ma Ying Abstract We attempt to explore the relationship between financial development and Economic growth for China and Pakistan, over the period of 1960-2005. The bound testing (ARDL) approach to cointegration is conducted to establish the existence of a long run relationship. The study uses deposit liability ratio (DLR) and credit to private sector (CPS), alternatively, as proxy to financial development. We find different results for both countries, that is, DLR and CPS both have significant impact on economic growth of Pakistan and CPS is insignificant, and DLR is significant for China. This result may be attributed to the efficient allocation of the credit. Abdul Jalil Email: jalil.hanif@gmail.com Estimating Demand Curves and Impact on Welfare of Uniform Tax Rate: A Composite Commodity Analysis for Pakistan Eatzaz Ahmed and Abdul Jalil Abstract We estimate true demand curve for composite consumer goods in Pakistan. For the parametric demand analysis, the LA\AIDS model of Deaton and Muellbauer (1980) is used to estimate the parameters of composite consumer goods demands equations, and the prices and expenditure elasticites. This study also analyzed the structural responses of imposition of different taxes on composite consumer goods and their welfare implication in Pakistan. This paper also searches for an optimal tax structure (unified tax) based on true consumer behaviour. Our methodology of unified tax has extracted that the welfare gain from replacing the existing tax structure by uniform tax system is quite substantial. Abdul Jalil Email:

More about Financial Development and Economic Growth: Time Series Evidence from China and Pakistan. Essay

Open Document