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Keywords: Financial market development
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Journal Articles
Journal of Asian Business and Economic Studies (2024) 31 (2): 86–98.
Published: 13 October 2023
... This study uses the feasible generalized least squares (FGLS) approach, which is suitable since the CBI equation suffers from contemporaneous correlation, serial correlation and heteroscedasticity. Findings The FGLS results suggest a positive association between CBI and financial market development (FMD...
Includes: Supplementary data
