Published Paper Details:

The primary purpose of the recent study is to examine the association between technological development, financial development, and economic growth in India, a non-linear and asymmetric framework. This study is based on the Non-linear autoregressive distributed lags model (NARDL) and Hetemi J asymmetric causality tests to explore nonlinearities in the vital interaction among the variables. The study revealed a cointegrating link between technological development, financial development, and economic growth in the long run. The findings suggest that a positive shock in financial development increases economic growth (coefficient value 1.91 at 1% significance level) and technological development a negative shock will harm economic performance (coefficient value -0.11 at 1% significance level). The results of this study can significantly facilitate stakeholders and policymakers in devising short-term and long-term policies for financial development and technological innovation to achieve sustainable long-run economic growth in India.