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rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …
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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 …
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