... series autoregressive distributed lag (ARDL) model to empirically examine the effectiveness of financial development on the growth performance of India’s manufacturing industry in both the long run and short run. Findings Financial development includes specific variables such as commercial banks...

... investigated the empirical relationship between the banking sector and the stock market development in a different methodological approach by using an ARDL model which is appropriate for a small sample size. There are few studies related to bank-centered financial development and stock market development...

..., autoregressive distributed lag (ARDL) model is used. Besides, standard unit-root tests such as augmented Dickey Fuller (ADF) and Phillips–Perron (PP) tests are employed to check for the stationarity of the series. Findings According to the results of unit-root tests, our variables are found to be a mixture...