(44.210.149.218)
[ij] [ij] [ij] 
Email id
 

Asian Journal of Research in Business Economics and Management
Year : 2018, Volume : 8, Issue : 5
First page : ( 1) Last page : ( 14)
Online ISSN : 2249-7307.
Article DOI : 10.5958/2249-7307.2018.00042.7

Financial Structure and Macroeconomic Performance in Asian Countries: A Principal Component Analysis

Basu Rilina*, Nag Ranjanendra Narayan**

*Assistant Professor, Department of Economics, Rabindra Bharati University, Emerald Bower Campus, Kolkata, India, banerjee.rilina@gmail.com

**Assistant Professor, Department of Economics, St. Xavier's College (Autonomous), Kolkata, West Bengal, India. rnnag12@gmail.co

Online published on 31 May, 2018.

Abstract

This paper makes an empirical attempt to examine the interrelationship between the financial structure and the macroeconomic performance for selected Asian countries. This paper uses two-stage Principal Component Analysis to examine correlation between measures of performance of the financial system and indicators of macroeconomic performance. The paper shows that there exists positive co-movement between bank and stock market. Moreover, one can think of a composite entity called financial structure standing in conditioning-conditioned relationship with the real sector. This has strong implications for policy perspectives from the point of view of a nation.

Top

Keywords

Financial structure, economic growth, index construction, cross country, PCA.

Top

  
║ Site map ║ Privacy Policy ║ Copyright ║ Terms & Conditions ║ Page Rank Tool
825,187,978 visitor(s) since 30th May, 2005.
All rights reserved. Site designed and maintained by DIVA ENTERPRISES PVT. LTD..
Note: Please use Internet Explorer (6.0 or above). Some functionalities may not work in other browsers.