Introduction to financial_research

May 28th, 2015
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The paper focuses on the relationship between financial liberalization and services sector growth in Pakistan, capturing the impact of financial liberalization using the Financial Liberalization Index (FLI) first developed by Hye and Wizarat (2010). The results suggest that in the short run both FLI and the real interest rate (RIR) positively impact the services sector growth, but in the long run, FLI and RIR are negatively related to services sector growth.

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Is Financial Liberalization Impeding IndustrialSector Growth in Pakistan?Article : Financial Reforms and Industrial Sector Growth:Bound Testing Analysis for PakistanAuthors:Dr Shahida Wizarat, Head, Economics Department, College of BusinessManagement (CBM), IOBM, Karachi, PakistanQazi Muhammad Adnan Hye, Independent ResearcherPresenter :Muhammad Waqas BabarAbstractThe paper focuses on the relationship between financial liberalization and servicessector growth in Pakistan, capturing the impact of financial liberalization using theFinancial Liberalization Index (FLI) first developed by Hye and Wizarat (2010). Theresults suggest that in the short run both FLI and the real interest rate (RIR)positively impact the services sector growth, but in the long run, FLI and RIR arenegatively related to services sector growth.IntroductionServices sector in Pakistan includes transportation, storage,communication, wholesale and retail trade, finance and insurance,ownership of dwellings, public administration and defense, communityservices, etcDue to the growing volume of services sector in the economic growth ofPakistan, several changes have been made to enhance its role in overallgrowth.The liberalization of financial services, mainly insurance, banking andmarket securities in the 1990s, is among the many steps taken byPakistan for the development of this sector.IntroductionThe services sector is believed to be the most affected by

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