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assessment of the finance-investment nexus. Design/methodology/approach - VAR models in the perspectives of VECM and short …-run Granger causality are employed. Usage of optimally specified econometric methods in contradiction to purely discretionary … investment elasticities are positive, investment elasticities of finance are negative; (2)but for Guinea Bissau, Mozambique and …
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direction of causality between financial development and investment. The study concludes that most of the research done on the … and investment. Based on the literature considered, it can be concluded that there is little consensus to date on the … causal relationship between financial development and investment is highly skewed towards assessing the causal relationship …
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were found to exist from GDP to remittances and from financial development to GDP. However, no causality existed between …
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