Financial Liberalization and Services Sector Growth: Empirical Evidence from Pakistan

The IUP Journal of Applied Finance, Vol. 17, No. 2, pp. 16-24, April 2011

Posted: 11 Jan 2012  

Qazi Muhammad Adnan Hye

University of Karachi - Applied Economics Research Centre

Shahida Wizarat

Institute of Business Management (IoBM)

Date Written: January 11, 2012

Abstract

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

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

Qazi Muhammad Adnan Hye (Contact Author)

University of Karachi - Applied Economics Research Centre ( email )

University Road
Karachi, SC Sindh 75270
Pakistan
092-0219243168 (Phone)
092-0219243168 (Fax)

HOME PAGE: http://www.aerc.edu.pk/

Shahida Wizarat

Institute of Business Management (IoBM) ( email )

Plot # 84
Korangi Creek
Karachi, Sindh 75190
Pakistan

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