Nyasha, Sheilla; Odhiambo, Nicholas M. - In: Contemporary Economics 10 (2016) 2, pp. 163-174
This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in Australia during the period from 1980 to 2012. The study uses the autoregressive distributed lag (ARDL) bounds testing approach to examine this linkage. Unlike certain previous...