Financial Sector Development and Economic Growth: Evidence from Zimbabwe

Cilt: 3 Sayı: 2 1 Haziran 2013
  • Godfrey Ndlovu
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Financial Sector Development and Economic Growth: Evidence from Zimbabwe

Öz

The relationship between financial system development and economic development has attracted interest of a number of researchers all over the world, however institutional differences and capital allocation variations between and within economies, make it very difficult to generalize findings and thus increasing the need for country-specific studies. This study examines the causal relation between financial system development and economic growth from a Zimbabwean perspective, based on two inter-related broad aims, the first being the established of cointegration relationship between the two and the ultimate direction of the causal relationship. Using multivariate Granger causality test the study finds existence of demand following financial development in Zimbabwe, there is unidirectional causality from economic growth to financial development. Financial system development is therefore an outcome of the pressure for institutional development in capital markets and introduction of modernized financial instruments. As such policy concern should focus on trade liberalization and other related activities in order to spur economic growth, since financial system development is a passive reaction to economic growth. Such policies might include investment promotion and removal of barriers for foreign investments.

Anahtar Kelimeler

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Godfrey Ndlovu Bu kişi benim

Yayımlanma Tarihi

1 Haziran 2013

Gönderilme Tarihi

1 Haziran 2013

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2013 Cilt: 3 Sayı: 2

Kaynak Göster

APA
Ndlovu, G. (2013). Financial Sector Development and Economic Growth: Evidence from Zimbabwe. International Journal of Economics and Financial Issues, 3(2), 435-446. https://izlik.org/JA69FR37WC
AMA
1.Ndlovu G. Financial Sector Development and Economic Growth: Evidence from Zimbabwe. IJEFI. 2013;3(2):435-446. https://izlik.org/JA69FR37WC
Chicago
Ndlovu, Godfrey. 2013. “Financial Sector Development and Economic Growth: Evidence from Zimbabwe”. International Journal of Economics and Financial Issues 3 (2): 435-46. https://izlik.org/JA69FR37WC.
EndNote
Ndlovu G (01 Haziran 2013) Financial Sector Development and Economic Growth: Evidence from Zimbabwe. International Journal of Economics and Financial Issues 3 2 435–446.
IEEE
[1]G. Ndlovu, “Financial Sector Development and Economic Growth: Evidence from Zimbabwe”, IJEFI, c. 3, sy 2, ss. 435–446, Haz. 2013, [çevrimiçi]. Erişim adresi: https://izlik.org/JA69FR37WC
ISNAD
Ndlovu, Godfrey. “Financial Sector Development and Economic Growth: Evidence from Zimbabwe”. International Journal of Economics and Financial Issues 3/2 (01 Haziran 2013): 435-446. https://izlik.org/JA69FR37WC.
JAMA
1.Ndlovu G. Financial Sector Development and Economic Growth: Evidence from Zimbabwe. IJEFI. 2013;3:435–446.
MLA
Ndlovu, Godfrey. “Financial Sector Development and Economic Growth: Evidence from Zimbabwe”. International Journal of Economics and Financial Issues, c. 3, sy 2, Haziran 2013, ss. 435-46, https://izlik.org/JA69FR37WC.
Vancouver
1.Godfrey Ndlovu. Financial Sector Development and Economic Growth: Evidence from Zimbabwe. IJEFI [Internet]. 01 Haziran 2013;3(2):435-46. Erişim adresi: https://izlik.org/JA69FR37WC