Jecheche, Petros (2011) An empirical investigation of the financial development - economic growth nexus: the case of Zimbabwe (1990 – 2008).
Full text not available from this repository.Abstract
Publisher's PDF version taken from http://jupapadoc.startlogic.com/compresearch/papers/JCR12-1.pdf,The study examines the relationship between financial development and economic growth in Zimbabwe for the period 1990-2008. The method of principal components is employed to construct a financial sector development index (FSDI) used to proxy development in the sector. Using the autoregressive distributed lag (ARDL) approach, the study finds a unique cointegrating relationship among real GDP, financial development, investment and real deposit rate. The results suggest that financial development exerts a positive and statistically significant effect on economic growth and investment is an important channel through which financial development feeds economic growth.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Financial Development,Economic Growth,Principal Components,ARDL Approach |
| Divisions: | Universities > State Universities > University of Zimbabwe |
| Depositing User: | Mr. Edmore Sibanda |
| Date Deposited: | 30 Nov 2015 01:30 |
| Last Modified: | 30 Nov 2015 01:30 |
| URI: | http://researchdatabase.ac.zw/id/eprint/944 |
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