This paper investigates the relationship between financial development and economic growth for UK for the period 1965-2007 using a vector error correction model (VECM). The purpose of this paper is to examine the long-run relationship between these variables applying the Johansen cointegration analysis. Granger causality tests indicated that there is a causal relationship between financial development and economic growth for UK.

Athanasios Vazakidis, Antonios Adamopoulos (2011). Financial Development and Economic Growth: An Empirical Analysis for the UK, European Research Studies Journal Volume XIV Issue 2, 135-148