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This article reviews the theoretical and empirical literature on the causal relationship between financial development and investment. Based on the literature considered, it can be concluded that there is little consensus to date on the direction of causality between financial development and...
Persistent link: https://www.econbiz.de/10011877345
This study examines the impact of financial liberalization on economic growth, given the discrepancy and the gap in the … special role of financial liberalization and banking crises on economic growth in SSA. The linear generalized method of … also show that there is a negative relationship between a banking crisis and economic growth, showing that the period of a …
Persistent link: https://www.econbiz.de/10011882480
In this paper, the modulating effect of income inequality in the finance-growth nexus using data from 29 sub …-Saharan African (SSA) countries is examined. The study examines i) whether financial development still spurs economic growth in the … studied countries, and ii) whether income inequality modulates the effect of financial development on economic growth. Three …
Persistent link: https://www.econbiz.de/10014331680
This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa … positive relationship between bank-based financial development and economic growth in South Africa. The results, however, fail … to find any relationship between market-based financial development and economic growth in South Africa. The results …
Persistent link: https://www.econbiz.de/10010520866
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 economic growth and financial reforms, which is represented by an index …
Persistent link: https://www.econbiz.de/10011306016
This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in … impact on economic growth in Australia, market-based financial development has no significant impact on economic growth, both … concentrate on pro-banking sector policies, at least in the short run, to stimulate growth. …
Persistent link: https://www.econbiz.de/10011515870
This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in … impact on economic growth in Australia, market-based financial development has no significant impact on economic growth, both … concentrate on pro-banking sector policies, at least in the short run, to stimulate growth …
Persistent link: https://www.econbiz.de/10012982588
This study examines the impact of financial liberalization on economic growth, given the discrepancy and the gap in the … special role of financial liberalization and banking crises on economic growth in SSA. The linear generalized method of … also show that there is a negative relationship between a banking crisis and economic growth, showing that the period of a …
Persistent link: https://www.econbiz.de/10011988771
This article reviews the theoretical and empirical literature on the causal relationship between financial development and investment. Based on the literature considered, it can be concluded that there is little consensus to date on the direction of causality between financial development and...
Persistent link: https://www.econbiz.de/10011922487
This research assesses the importance of financial access on value added in three economic sectors in 25 countries in Sub-Saharan Africa using data for the period 1980-2014. The empirical evidence is based on the Generalised Method of Moments. Financial access is measured with private domestic...
Persistent link: https://www.econbiz.de/10013330038