In this paper, we examine the causality between financial development and sustainable growth in Botswana using the newly developed ARDL-bounds testing approach. Our results show that the causal relationship between financial development and sustainable economic growth is sensitive to the proxy...

This paper examines the relationship between interest rate liberalisation policies and sustainable economic growth in Nigeria. Employing the autoregressive-distributed lag (ARDL) - bounds testing approach and using GDP per capita as economic growth indicator, the paper establishes a long run...

This paper investigates the dynamic causal relationship between bank-based financial development, stock market development, and economic growth in Kenya - during the period from 1980 to 2012. In order to address the problem of omitted variable bias, the study includes savings and investment as...