Muyambiri, Brian; Odhiambo, Nicholas M. - In: Spoudai : journal of economics and business 68 (2018) 2/3, pp. 62-73
This paper examines the causal relationship between both bank-based and market-based financial development and investment in Mauritius for the period from 1976 to 2014. The study assumes that investment and financial development have an accelerator-enhancing relationship. To accommodate the...