This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa … construct both bank- and market-based financial development indices. The study uses the newly developed autoregressive … positive relationship between bank-based financial development and economic growth in South Africa. The results, however, fail …

This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in … to examine this linkage. Unlike certain previous studies, this study uses both bank- and market-based financial …

This paper has tested whether bank-based financial development and market-based financial development are complements …-Bounds-testing approach to carry out the test. The study also employs the method of means-removed average to construct both bank-based and … market-based financial development indices. The results of this study show that while in the usa and Brazil, bank-based and …

This paper examines the causal relationship between both bank-based and market-based financial development and … accelerator-enhancing relationship. To accommodate the accelerator-enhancing relationship, the indicators for bank-based and … the autoregressive distributed lag bounds testing approach. For both models, results indicate that both bank-based and …