Employing the Autoregressive Distributed Lag (ARDL)-Bounds testing approach, and using GDP - excluding the contributions from oil and gas, as well as the financial services sector - as the growth indicator between 1969 and 2008, the paper establishes a long-run relationship between economic...

In this paper we examine the causal relationship between electricity consumption, exports and economic growth in the DRC, using the newly developed ARDL-bounds testing approach. In order to account for the omission-of-variable bias, the study incorporates exports as an intermittent variable...

This paper examines the impact of interest rate reforms on financial deepening and economic growth in Kenya, using two models: the financial deepening model and the dynamic Granger causality model. The study attempts to answer two critical questions: Does interest rate liberalization in Kenya...

In this article we examine the dynamic causal relationship between economic growth, employment, and poverty reduction in South Africa – using the Auto-Regressive Distributed Lag (ARDL) bounds testing procedure. The study attempts to answer one critical question: does economic growth in...

This paper attempts to examine the dynamic causal relationship between financial development, economic growth and poverty reduction in South Africa--using a trivariate causality model. The study attempts to answer one critical question. Which sector leads in the process of poverty reduction in...

The debate on the direction of causality between financial development and economic growth has been on-going since the 19th century. However, the majority of the previous studies on this subject have concentrated mainly on the use of the bi-variate causality test and may, therefore, suffer from...

This study takes a fresh look at the direction of causality between savings and economic growth in South Africa during the period 1950-2005. The study was motivated by the low and declining savings rate currently prevailing in South Africa, on the one hand, and the dwindling level of economic...

In this paper we examine the causal relationship between electricity consumption and economic growth in South Africa. We incorporate the employment rate as an intermittent variable in the bivariate model between electricity consumption and economic growth--thereby creating a simple trivariate...

In this paper, we examine the causal relationship between export growth and economic growth. The causal relationship between exports and economic growth has been a subject of extensive debate in recent years. There are currently three dominant views regarding the relationship between exports and...