An empirical investigation of the financial development - economic growth nexus: the case of Zimbabwe (1990 – 2008)

Jecheche, Petros (2011) An empirical investigation of the financial development - economic growth nexus: the case of Zimbabwe (1990 – 2008).

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Official URL: http://hdl.handle.net/10646/1045

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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