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Please use this identifier to cite or link to this item: http://hdl.handle.net/10628/333

Title: Financial sector development and economic growth nexus in South Africa.
Authors: Sunde, Tafirenyika
Keywords: Financial sector development - South Africa
Economic growth nexus - South Africa
South Africa - Economic aspects
Monetary economics - South Africa
Unit root tests
Granger causality
Issue Date: 2012
Publisher: Interscience Enterprises Ltd.
Citation: Sunde, T. (2012). Financial sector development and economic growth nexus in South Africa.
Abstract: The study investigated the nexus between financial sector development and economic growth in South Africa using co-integration 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.
URI: http://hdl.handle.net/10628/333
Appears in Collections:Economics

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