Nyasha, Sheilla; Odhiambo, Nicholas M. - In: Contemporary economics 9 (2015) 1, pp. 93-108
This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa … positive relationship between bank-based financial development and economic growth in South Africa. The results, however, fail … to find any relationship between market-based financial development and economic growth in South Africa. The results …