Financial sector development and economic growth nexus in South Africa

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dc.contributor.authorSunde, Tafirenyika
dc.date.accessioned2016-06-07T11:59:42Z
dc.date.available2016-06-07T11:59:42Z
dc.date.issued2012
dc.description.abstractThe study investigated the nexus between financial sector development and economic growth in South Africa using cointegration and error correction modelling and; the Granger causality tests. The results of the study show that economic growth is explained by the financial sector variables and control variables such as inflation, exchange rate, and real interest rates. The Granger causality test results show that there is generally a bidirectional relationship between economic growth and financial sector development which implies that if the economy grows the financial services sector also grows and vice versa.en_US
dc.identifier.citationSunde, T. (2012). Financial sector development and economic growth nexus in South Africa. International Journal of Monetary Economics and Finance, 5(1), 64-75.en_US
dc.identifier.urihttp://hdl.handle.net/10628/564
dc.language.isoenen_US
dc.publisherInderscience Enterprises Ltden_US
dc.subjectgrowth; financial development; economic growth; financial sector development; monetary economics; finance; unit root tests; cointegration; error correction; Granger causality; bidirectional; South Africa.en_US
dc.titleFinancial sector development and economic growth nexus in South Africaen_US
dc.typeArticleen_US

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