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Financial sector development and economic growth nexus in South Africa

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dc.contributor.author Sunde, Tafirenyika
dc.date.accessioned 2016-06-07T11:59:42Z
dc.date.available 2016-06-07T11:59:42Z
dc.date.issued 2012
dc.identifier.citation Sunde, 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.uri http://hdl.handle.net/10628/564
dc.description.abstract The 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.language.iso en en_US
dc.publisher Inderscience Enterprises Ltd en_US
dc.subject growth; financial development; economic growth; financial sector development; monetary economics; finance; unit root tests; cointegration; error correction; Granger causality; bidirectional; South Africa. en_US
dc.title Financial sector development and economic growth nexus in South Africa en_US
dc.type Article en_US


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