Economic Growth in Liberia，the Role of the Financial System.pdf

1、This objective of this study is to investigate the link between financial development and economic growth in Liberia over the period of 1980-2005,in the short run and long run perspective.It employed the techniques of co

2、-integration and error correction modeling proposed by Engle and Granger(1987),which provided mechanisms to deal with the problems of unit root faced in time series data.The evidence in this study supports the view that

3、financial sector development affects economic growth,in a short run and long run perspective.Applying the general to specific approach to error correction model,the statistical results suggested the existence of stable l

4、ong run(co-integrating)relationships between the financial sector development variables and economic growth.The variables that affect economic growth are consistent with the hypothesized signs and are also found to be st