This article summarises the empirical literature on the impact of financial development on investment. It presents a … topical analysis of empirical research that focuses mainly on the interaction between financial development and investment …, determinants and measurement of both financial development and investment, and empirical findings on the relationship between the …

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 …

investment (FDI) on economic growth dynamics in 25 countries in Sub-Saharan Africa for the period 1980-2014. The employed … economic growth dynamics areGross Domestic Product (GDP) growth, real GDP and GDP per capita while ICT is measured by mobile … effects on all three economic growth dynamics. Moreover, the positive net effects are consistently more apparent in internet …

investment in Mauritius for the period from 1976 to 2014. The study assumes that investment and financial development have an … market-based financial development Granger-cause investment, both in the short run and in the long run. The study, therefore … development in order to spur investment. …

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 investment. The study concludes that most of the research done on the … causal relationship between financial development and investment is highly skewed towards assessing the causal relationship …