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inconclusive. While a number of scholars are of the view that compelling cointegration exists among each of these constructs … estimation techniques to examine the existence of cointegration among economic growth, financial development and trade openness … financial stability. Our results show that a two-way cointegration exists between economic growth and financial development, on …
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This study examines the tripartite relationship between financial development, trade openness and economic growth in Ghana, Nigeria and South Africa for the 1980-2014 period. The study reveals a long-run causal relationship between financial development, trade openness and economic growth,...
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