Finance and growth in a small open emerging market

Munich Personal RePEc Archive

Finance and growth in a small open emerging market

Law, Siong Hook and Azman-Saini, W.N.W. and Smith, Peter

October 2006

Online at https://mpra.ub.uni-muenchen.de/715/

MPRA Paper No. 715, posted 09 Nov 2006 UTC

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9 "=71 " !2 L"! 1 " 2 ' "!=1 " 2^UU

4+ ="!1 " 2^UUU " 1 " )2^UU "! 1 "772 '

)( / % % + 1/ +2

5*4& ' "7 1 "772 "7L1 " )2 " 1 " 2^UUU

5 "L 1 "! 2 ' " 71 " 2 ="LL1 ") 2

9 " 1 "!72 !"L=1 " 72^U ' " 71 " L2^U

/ + " 1 " 2^UUU )" =1 ") 2 " 1 "7L2 '

L( / G 1/G 2

5*4& ' ="L= 1 ")72 "=7 1 " !2 L"=) 1 " 2^UUU

5 =" 1 "L 2 ' )" 1 "= 2 7" 7 1 " 2

9 "L) 1 "! 2 "! 1 " =2^UU ' =" 1 " 2^UUU

/G =" 1 ") 2 ="7 1 ")=2 " 1 "! 2 '

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