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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 … in Nigeria. We intend to know what policy instruments need to be manipulated so as to achieve economic growth and …
Persistent link: https://www.econbiz.de/10011597954
Nigeria over the period 1981–2011 using the auto-regressive distributed lag (ARDL) approach to co-integration analysis. The … results show that the relationship between financial development and economic growth in Nigeria is not significantly different … development and economic growth in Nigeria is found to be insignificantly negative in the long-run and significantly negative in …
Persistent link: https://www.econbiz.de/10011610208
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, thereby supporting finance- and trade-led growth hypotheses for Ghana, Nigeria … openness to financial development for Nigeria and from growth and financial development to trade openness for South Africa. The …
Persistent link: https://www.econbiz.de/10011889561
this paper. We apply an econometric technique, using yearly aggregated data, to examine a long-term co-integration and a …-term co-integration between financial integration de facto and economic growth in China. The bidirectional causality between …
Persistent link: https://www.econbiz.de/10012296075
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...
Persistent link: https://www.econbiz.de/10010340261
-OLS cointegration technique over the time period 1972 to 2016. The importance of the financial liberalisation process in Pakistan has …
Persistent link: https://www.econbiz.de/10012814294
This study focuses on the role of financial development in the economic growth of Central, Eastern and South-Eastern European (CESEE) countries in the post-communist era (1995–2014), which coincides with the opening up of financial markets to foreign investors and the global financial crisis....
Persistent link: https://www.econbiz.de/10012956602
economic growth in Nigeria over the period 1981 to 2017. The study used the autoregressive distributed lag (ARDL) model to …
Persistent link: https://www.econbiz.de/10012021957
Studies on the finance-growth link use different proxy variables for financial development. Among the most used is the total credit share in the GDP. Previous empirical studies show to be sensitive to the choice of the finance proxy indicator. Total credit share in the GDP appears biased in...
Persistent link: https://www.econbiz.de/10012175688
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, thereby supporting finance- and trade-led growth hypotheses for Ghana, Nigeria … openness to financial development for Nigeria and from growth and financial development to trade openness for South Africa. The …
Persistent link: https://www.econbiz.de/10012915081