This contribution investigates the direct and indirect causal interactions between financial deepening, trade openness and economic growth for 13 Latin American and Caribbean countries. Using a rather general approach to identify indicators for financial deepening and to detect Granger causality...

This contribution tests for causality between financial deepening, trade openness and economic development for 16 Sub-Saharan African countries. An advanced econometric methodology is used to add to existing empirical evidence. Only limited support is found for finance promoting regional...

This contribution investigates the causal interactions between financial deepening, trade openness and economic growth in 13 Latin American and Caribbean countries. We construct a composite indicator for financial deepening and use it to detect Granger causality within a modified Vector...