Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015)
The study seeks to investigate the causal linkage between financial development and economic growth of 14 Southern African countries over the period 2006-2015. The study utilises static and dynamic panel regression models with private sector credit ratio and broad money ratio as financial developmen...
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
Midlands State University
2020
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/11408/3974 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1779905626247266304 |
|---|---|
| author | Bandura, Witness Nyasha |
| author_facet | Bandura, Witness Nyasha |
| author_sort | Bandura, Witness Nyasha |
| collection | DSpace |
| description | The study seeks to investigate the causal linkage between financial development and economic growth of 14 Southern African countries over the period 2006-2015. The study utilises static and dynamic panel regression models with private sector credit ratio and broad money ratio as financial development indicators. Mixed findings are found in this study depending on the method used. There is, however, convincing evidence of causality running from financial development to economic growth which is in-line with supply-leading hypothesis by Patrick (1966). Varying result are obtained for demand-leading hypothesis from one model to another. Financial development through facilitating the allocation of credit to the most productive private sectors as well as effective managing of its monetary policies are recommended. |
| format | Thesis |
| id | ir-11408-3974 |
| institution | My University |
| language | English |
| publishDate | 2020 |
| publisher | Midlands State University |
| record_format | dspace |
| spelling | ir-11408-39742022-06-27T13:49:04Z Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015) Bandura, Witness Nyasha financial development economic growth dynamic panel data approach static panel data approach The study seeks to investigate the causal linkage between financial development and economic growth of 14 Southern African countries over the period 2006-2015. The study utilises static and dynamic panel regression models with private sector credit ratio and broad money ratio as financial development indicators. Mixed findings are found in this study depending on the method used. There is, however, convincing evidence of causality running from financial development to economic growth which is in-line with supply-leading hypothesis by Patrick (1966). Varying result are obtained for demand-leading hypothesis from one model to another. Financial development through facilitating the allocation of credit to the most productive private sectors as well as effective managing of its monetary policies are recommended. 2020-12-09T08:59:21Z 2020-12-09T08:59:21Z 2017-11 Thesis http://hdl.handle.net/11408/3974 en open Midlands State University |
| spellingShingle | financial development economic growth dynamic panel data approach static panel data approach Bandura, Witness Nyasha Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015) |
| title | Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015) |
| title_full | Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015) |
| title_fullStr | Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015) |
| title_full_unstemmed | Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015) |
| title_short | Causal relationship between financial development and economic growth in Southern Africa: a static and dynamic panel data approach (2006-2015) |
| title_sort | causal relationship between financial development and economic growth in southern africa: a static and dynamic panel data approach (2006-2015) |
| topic | financial development economic growth dynamic panel data approach static panel data approach |
| url | http://hdl.handle.net/11408/3974 |
| work_keys_str_mv | AT bandurawitnessnyasha causalrelationshipbetweenfinancialdevelopmentandeconomicgrowthinsouthernafricaastaticanddynamicpaneldataapproach20062015 |