yes / Although at the national level the relationship between financial development, human capital and economic growth has received some attention, this is largely an under-researched area at the sub-national level. Human capital may impact economic growth through the channel of innovation and along with financial development could be complementary or substitute in their relationship to economic growth. Also, human capital investment, enabled by the financial sector development, not only affects growth but also directly and indirectly affects poverty reduction through the channel of growth. In this study we examine the interaction between financial development, human capital and economic growth at the sub-national level using panel dataset covering 23 states of India for the period 1999-2013. Our analysis suggests that there is evidence of positive relationship between human capital and financial development to economic growth. / New journal still to be published by Oxford Academic Journals (OUP). Final draft suppressed for 24 months - check when journal published as to exact embargo - sm - 25/04/2018
© 2018 Oxford University Press. Reproduced in accordance with the publisher's self-archiving policy.
This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Journal of Banking, Finance and Sustainable Development following peer review. The definitive publisher-authenticated version [as above] is available online at: / The full text will be available at the end of the publisher's embargo, 2 years after publication.
| Identifer | oai:union.ndltd.org:BRADFORD/oai:bradscholars.brad.ac.uk:10454/15629 |
| Date | 23 March 2018 |
| Creators | Arora, Rashmi, Jalilian, Hossein |
| Source Sets | Bradford Scholars |
| Language | English |
| Detected Language | English |
| Type | Article, Accepted manuscript |
| Relation | http://oxacpress.org/index.php/jbfsd/about |
Page generated in 0.002 seconds