Nyasha, Sheilla; Odhiambo, Nicholas M. - In: Contemporary economics 9 (2015) 1, pp. 93-108
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...