Stock Market Development and Economic Growth : Ardl Causality in Pakistan

@inproceedings{Shahbaz2008StockMD,
  title={Stock Market Development and Economic Growth : Ardl Causality in Pakistan},
  author={Muhammad Shahbaz and Nadeem Ahmed},
  year={2008}
}
Contemporary economies of developing countries are changing due to rapid changes in the world economy. The emergence of international financial industry for worldwide network of transactions altered the role of international economy. Increased financial flows have altered the role of private capital and subsequently effect resource allocation. The economies of developing countries are witnessing changes in the composition of capital flows because world equity market is expanding rapidly… CONTINUE READING
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