The financial sector includes banking institutions and non-banking institutions like the insurance sector, mutual funds, micro-finance institutions, and non-banking financial companies (NBFCs).
The current account balance is an important macroeconomic factor. Though many countries similar to India are spending more abroad resulting in a current account deficit, due to which many trade unions, businesses, and parliamentarians are increasingly concerned with foreign expenditures.
Structural equation modelling (SEM) is a century-old statistical method that witnessed progression over time. Initially, the model focused only on path analysis. However, with the growth in usage of SEM in social science, the factor analysis technique was integrated into it. Presently SEM is a powerful multivariate technique applicable in scientific investigations to evaluate and test the multivariate casual relationships. The challenge today is that research problems are of different kinds and there are multiple models. Therefore, it is essential to understand the basics before applying structural equation modelling in research.
SEM is used to build structural links between measured variables and latent constructs. This article provides a detailed description of the SEM analysis procedures.
There are several types of literature review techniques that can be followed in a thesis. They depend on the type of research and the purpose of the study.