This study examines the impact of financial liberalization on economic growth, given the discrepancy and the gap in the literature, using a sample of 30 sub-Saharan African (SSA) countries. The study applies a dynamic panel estimation to examine the special role of financial liberalization and...

This paper examines the causal relationship between both bank-based and market-based financial development and investment in Mauritius for the period from 1976 to 2014. The study assumes that investment and financial development have an accelerator-enhancing relationship. To accommodate the...

The paper investigates the relevance of McKinnon's complementarity hypothesis, which gauges the demand for money and physical capital in the finance motive for economic development. Contrary to the results obtained from some previous studies, it was found a strong support for McKinnon's...