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of, or substitutes for, one another in enhancing economic growth in the usa, Brazil and Kenya during the period from1980 … market-based financial development indices. The results of this study show that while in the usa and Brazil, bank-based and …
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This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa during the period from 1980 to 2012. Unlike some previous studies, the current study employs means-removed average to construct both bank- and market-based financial development...
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This paper examines the relationship between financial sector reforms and sustainable economic growth in Ghana. Employing the autoregressive distributed lag (ARDL) bounds testing approach and using GDP per capita as a growth indicator, this paper establishes a long-run relationship between...
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