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 …

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 …

between the bank-based side of financial development, as compared to the market-based side of financial development. Given the …

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 …