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| Rudra P Pradhan, Nidhi Aggarwal and Rebecca Abraham |
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| ''Are bond markets, economic growth, and institutional quality related? Evidence from VECM estimation'' |
| ( 2023, Vol. 43 No.1 ) |
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| This study investigates the interrelationships between bond markets, economic growth, and institutional quality of middle-income countries from 2005 to 2020. We find that economic growth and institutional quality explain bond markets in the long run and short run. We find that there is an association between institutional quality, economic growth, bond market development. |
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| Keywords: bond markets, economic growth, institutional quality, middle-income countries
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JEL: G1 - General Financial Markets
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General |
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| Manuscript Received : Sep 25 2022 | | Manuscript Accepted : Mar 30 2023 |
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