The causal interaction between financial development and human development in Bangladesh

Abdulnasser Hatemi-J, Mrittika Shamsuddin

    Research output: Contribution to journalArticlepeer-review

    29 Citations (Scopus)

    Abstract

    This note investigates the causal relationship between financial development measured as the domestic credit to private sector (% of GDP) and human development measured by the Barro–Lee index in Bangladesh. The bootstrap causality tests with leverage adjustments are implemented in order to avoid any distributional assumption. It is found that human development is causing financial development. However, there is no significant causality running from financial development on human development. The policy implication of these empirical findings is also elaborated.

    Original languageEnglish
    Pages (from-to)995-998
    Number of pages4
    JournalApplied Economics Letters
    Volume23
    Issue number14
    DOIs
    Publication statusPublished - Sep 21 2016

    Keywords

    • Bangladesh
    • Human development
    • bootstrap simulations
    • financial development

    ASJC Scopus subject areas

    • Economics and Econometrics

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