Muyambiri, Brian; Odhiambo, NM - In: Journal of Central Banking Theory and Practice 7 (2018) 1, pp. 101-120
has a positive accelerator-enhancing effect on investment in the long run. In contrast, bank-based financial development … that market-based financial development has a positive impact on investment in the long run, while bank-based financial …-based financial development indicators are used as explanatory variables. The estimated model postulates that both bank-based …