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• W2923757305 abstract "The relationship between financial development and economic growth is not conclusive in existing economics literature. The aim of this paper is to test two hypotheses: ‘supply-leading’ hypothesis and ‘demand-following’ hypothesis, using Laos time series data. The ARDL bounds testing approach to cointegration is used to carry out this task. Our results confirm the presence of feedback effect between both variables. Financial development promotes economic growth and in resulting, economic growth leads financial development." @default.
• W2923757305 created "2019-04-01" @default.
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• W2923757305 date "2014-01-01" @default.
• W2923757305 modified "2023-09-25" @default.
• W2923757305 title "The Nexus Between Financial Development and Economic Growth in Laos" @default.
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