The Contribution of the Financial Sector in the Economic Growth of Pakistan: A Literature Review on Growth Theories and Indicators of Economic Growth

摘要

This study is a literature review of the economic growth theories and its determinants especially in consideration with the financial sector. The emphasis in the paper is on the economic growth of Pakistan. In the end, a framework is purposed which can be tested first in Pakistan and then in any other economy. Many empirical and non-empirical studies have been done to come up with a perfect model of determinants of economic growth most of them take into consideration either the data that is bank-related or macro data. This study comes up with a framework that considers both financial sector data and other macro-economic data.