Financial Liberalization and Economic Development - Shrestha, Min B.
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This work makes significant methodological contribution in the field of impact evaluation by proposing a new aggregated framework for the evaluation of overall impact of financial liberalization. The framework is useful for the impact evaluation of every public policy as it evaluates the impact of a policy or programme against three main dimensions of development, viz: economic growth, redistribution of income and stability. To conduct the empirical analysis using time series data, this work develops a sequential procedure for the unit root test based on a general to specific approach and…mehr

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Produktbeschreibung
This work makes significant methodological contribution in the field of impact evaluation by proposing a new aggregated framework for the evaluation of overall impact of financial liberalization. The framework is useful for the impact evaluation of every public policy as it evaluates the impact of a policy or programme against three main dimensions of development, viz: economic growth, redistribution of income and stability. To conduct the empirical analysis using time series data, this work develops a sequential procedure for the unit root test based on a general to specific approach and employs autoregressive distributed lag (ARDL) modelling approach to cointegration analysis. It also presents a comprehensive discussion on the relationship and causality between the financial development and economic growth.
Autorenporträt
Dr. Min B. Shrestha is affiliated with Nepal Rastra Bank (The Central Bank of Nepal). He has also worked as the Senior Economist at The South East Asian Central Banks (SEACEN) Research and Training Centre based in Kuala Lumpur, Malaysia. He has authored several research papers and articles in economics and time series econometrics.