Financial Development in Bangladesh—A Test of the McKinnon-Shaw Model
Dados Bibliográficos
| ID | 11401266 |
|---|---|
| Autores | Syed M Ahmed (0009-0006-7488-1236, Red Deer College, autor correspondente), Mohammed I Ansari (Athabasca University) |
| Ano | 1995 |
| Volume | 16 |
| Fascículo | 2 |
| Páginas | 291-302 |
| Data de publicação | 1995-01-01 |
| Peer Reviewed | Sim |
| Open Access | Não |
| Tipo | ARTICLE |
| Periódico | Canadian Journal of Development Studies/Revue canadienne d études du développement (JOURNAL) |
| Identificadores do periódico | ISSN: 0225-5189 • E-ISSN: 2158-9100 |
| Editora | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/02255189.1995.9669598 |
| OpenAlex | W1992710494 |
| Idioma | EN |
| Citações recebidas | 1 |
| Referências citadas | 6 |
This paper empirically tests for Bangladesh the McKinnon-Shaw model of financial development. According to McKinnon, a basic complementarity exists between money and physical capital. That is, money balances and tangible investments are complements rather than substitutes. The McKinnon-Shaw model predicts that a high real interest rate policy will stimulate savings and investment and promote economic growth. This view stands in sharp contrast with the neostructuralist view which contends that lowering the interest rate will stimulate investment and economic growth. Results of the empirical tests, using annual data from 1973 to 1991, provide some support, albeit weak, for the McKinnon-Shaw hypothesis for Bangladesh
Capital (architecture · Complementarity (molecular biology · Economics · Geography · Growth model · Interest rate · Investment (military · Macroeconomics · Monetary economics · Banking stability, regulation, efficiency · Economic theories and models · Economic Theory and Policy
| Obras citantes distintas | 1 |
|---|---|
| Citações por ano | 0,2 |
| Intervalo de citações | 2021 - 2021 (1) |
| Velocidade de citação | historical |
| Altamente citado | Não |
| Tipos de citação | Neutras: 1 |