The IUP Journal of Applied Finance, Vol. 17, No. 2, pp. 16-24, April 2011
Posted: 11 Jan 2012
Date Written: January 11, 2012
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.
Suggested Citation: Suggested Citation
Hye, Qazi Muhammad Adnan and Wizarat, Shahida, Financial Liberalization and Services Sector Growth: Empirical Evidence from Pakistan (January 11, 2012). The IUP Journal of Applied Finance, Vol. 17, No. 2, pp. 16-24, April 2011. Available at SSRN: https://ssrn.com/abstract=1983208