This chapter provides abstract framework of the study and deals with review of

This chapter provides abstract framework of the study

This preview shows page 12 - 14 out of 29 pages.

This chapter provides abstract framework of the study and deals with review of empirical studies related to industrial banks and economic process. it's divided into 2 sections. 1st section consists of an in-depth review of connected studies and second sections presents an abstract framework of the study beside hypotheses of the study. 2.1 Related Theories 2.1.1 Empirical Literature The review of literature has been conducted based on the chronological order and categorize into two different studies as under: a) Review of International Studies b) Review of Nepalese Studies a) Review of International Studies The objective of the study was to provide an analysis of the contribution of the developments in the Turkish banking sector to regional economic growth in Turkey. The findings of the study show that there is a strong negative relationship between financial deepening both public and private and economic growth. In light of the developments in the period of analysis, this result was not surprising, as the main function of the banking sector at that time was to provide financing for the Turkish Treasury, which channeled these funds to the government albeit mainly
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for rent distribution purposes. The study on financial sector deepening and economic growth of turkey using a province-level data set for 1996-2001 by [ CITATION Ard06 \l 1033 ] b) Review of Nepalese Studies The objective of the study was to examine the direction of causality between the depth of financial development and economic growth of Nepal. The sample data has been used for time period of 37 years i.e. from 1975 to 2011 for the financial depth and economic growth of the country. The study revealed that there is existence of co-integration implies that there is long-run or equilibrium relationship between financial development and economic growth. The findings of this study had been constrained by the limited number of observations of time series due to unavailability of quarterly data of Nepalese financial development indicators and GDP. The depth of financial development and economic growth of Nepal was analyzed by [ CITATION Ach12 \l 1033 ] 2.2 Research Gap This study is concerning the contribution or impact of business bank in economic process of the state that is a vital study to understand whether or not there's any role of banks in economic process or not. There has been variety of studies concerning the banks and economic process just in case of alternative countries however not within the context of Asian country. The ascertained literatures have shown mixed evidences exist on the contribution of banking sector in economic process. There will be a lot of rooms for more analysis by incorporating the information of alternative monetary establishments as well as provident fund, securities market and insurance corporations moreover as incorporating different measures of monetary and economic development.
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