Jalil, Abdul and Wahid, Abu N. M. and Shahbaz, Muhammad (2010): Financial Development and Growth: A Positive, Monotonic Relationship? Empirical Evidences from South Africa.
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The objective of this article is to investigate the relationship between development of the financial sector and economic growth for South Africa. For this purpose, we data for 1965-2007 and set the estimation strategy under the ARDL framework. Importantly, four indicators for the financial developments are utilized to accomplish our tasks. We find a positive monotonic relationship between financial development and economic growth for South Africa. Trade openness and per capita real capital are found as the other important determinants of economic growth in South Africa.
|Item Type:||MPRA Paper|
|Original Title:||Financial Development and Growth: A Positive, Monotonic Relationship? Empirical Evidences from South Africa|
|English Title:||Financial Development and Growth: A Positive, Monotonic Relationship? Empirical Evidences from South Africa|
|Keywords:||Financial Development, Trade, Growth, South Africa, ARDL, Monotonic relationship|
|Subjects:||O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
|Depositing User:||aviral tiwari|
|Date Deposited:||27. Dec 2010 12:09|
|Last Modified:||15. Feb 2013 19:51|
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