Musasiwa, Edmore T. - 2009
Many economists have observed that the financial system has a positive and monotoniceffect on economic growth. In this … study we reaffirm the finance-growth nexus. We adopta three-tier approach for the study’s methodology using panel data of 66 … countries from1986 to 2005. Firstly, we test for the finance-growth nexus with particular emphasis onfinancial sector indicators …