EN
Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era
Abstract
Development of insurance and banking institutions is one of the fundamental constituents that plays an important role in stimulating financial development and thereby the growth of the economy in any country. However the causal effect of these financial institutions can’t be generalized as the development of financial institution is quite different in nature and scale in different countries. This paper attempts to examine the relationship between financial institutions and economic growth in the Indian economy. We find that there exists a long run relationship and insurance institutions do promote the economic growth and vice-versa. It is also found that it is growth in the economy that causes development of banking institutions.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
May 1, 2016
Submission Date
May 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 3
APA
Kaushal, S., & Ghosh, A. (2016). Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era. International Journal of Economics and Financial Issues, 6(3), 1003-1013. https://izlik.org/JA73SH48GT
AMA
1.Kaushal S, Ghosh A. Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era. IJEFI. 2016;6(3):1003-1013. https://izlik.org/JA73SH48GT
Chicago
Kaushal, Shrutikeerti, and Amlan Ghosh. 2016. “Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era”. International Journal of Economics and Financial Issues 6 (3): 1003-13. https://izlik.org/JA73SH48GT.
EndNote
Kaushal S, Ghosh A (May 1, 2016) Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era. International Journal of Economics and Financial Issues 6 3 1003–1013.
IEEE
[1]S. Kaushal and A. Ghosh, “Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era”, IJEFI, vol. 6, no. 3, pp. 1003–1013, May 2016, [Online]. Available: https://izlik.org/JA73SH48GT
ISNAD
Kaushal, Shrutikeerti - Ghosh, Amlan. “Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era”. International Journal of Economics and Financial Issues 6/3 (May 1, 2016): 1003-1013. https://izlik.org/JA73SH48GT.
JAMA
1.Kaushal S, Ghosh A. Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era. IJEFI. 2016;6:1003–1013.
MLA
Kaushal, Shrutikeerti, and Amlan Ghosh. “Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era”. International Journal of Economics and Financial Issues, vol. 6, no. 3, May 2016, pp. 1003-1, https://izlik.org/JA73SH48GT.
Vancouver
1.Shrutikeerti Kaushal, Amlan Ghosh. Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era. IJEFI [Internet]. 2016 May 1;6(3):1003-1. Available from: https://izlik.org/JA73SH48GT