Financial Development and Growth: A Positive, Monotonic Relationship? Empirical Evidences from South Africa

Abdul Jalil, Abu N. M. Wahid and Muhammad Shahbaz ()

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this article is to investigate the relationship between development of the financial sector and economic growth for South Africa. For this purpose, we data for 1965-2007 and set the estimation strategy under the ARDL framework. Importantly, four indicators for the financial developments are utilized to accomplish our tasks. We find a positive monotonic relationship between financial development and economic growth for South Africa. Trade openness and per capita real capital are found as the other important determinants of economic growth in South Africa.

Keywords: Financial Development; Trade; Growth; South Africa; ARDL; Monotonic relationship (search for similar items in EconPapers)
JEL-codes: O40 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-fdg
Date: 2010-12-24
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://mpra.ub.uni-muenchen.de/27668/ original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:27668

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany
Address: Schackstr. 4, D-80539 Munich, Germany
Contact information at EDIRC.
Series data maintained by Ekkehart Schlicht ().