Financial development in southern Africa its influence on the course of economic development Sacred Makatore; Supervisor: Murad A. Bein

Yazar: Katkıda bulunan(lar):Dil: İngilizce Yayın ayrıntıları:Nicosia Cyprus International University 2017Tanım: IX, 91 p. table 30 cmİçerik türü:
  • text
Ortam türü:
  • unmediated
Taşıyıcı türü:
  • volume
Konu(lar): Özet: ' ABSTRACT This study examines the relationship between financial development and its influence on the course of economic growth in a sample of 14 countries in the Southern African Development Community (SADC) for the period 1995-2015. Credit extension to private sector has been used as measure of financial development, other variables like Foreign Direct Investment (FDI), Trade liberalization and Real interest rates has been examined. The empirical results, obtained from the econometric model show a positive and statistically significant relationship between financial development and economic growth when financial sector development is measured by credit extension to private sector. FDI and trade openness is found to yield steady growth in the financial sector, reduce inflation rates there by creating a conducive environment for economic development. Low interest rates are associated with low cost of borrowing which result in increased consumption and high improved economic activity in most countries in SADC. Though the level of economic activity and growth is different among countries in this block it has been realized from the literature and empirical studies that was reviewed that FSD matters for growth in most countries in SADC. '
Materyal türü: Thesis

Includes CD

Includes references ( 82-88 p.)

' ABSTRACT This study examines the relationship between financial development and its influence on the course of economic growth in a sample of 14 countries in the Southern African Development Community (SADC) for the period 1995-2015. Credit extension to private sector has been used as measure of financial development, other variables like Foreign Direct Investment (FDI), Trade liberalization and Real interest rates has been examined. The empirical results, obtained from the econometric model show a positive and statistically significant relationship between financial development and economic growth when financial sector development is measured by credit extension to private sector. FDI and trade openness is found to yield steady growth in the financial sector, reduce inflation rates there by creating a conducive environment for economic development. Low interest rates are associated with low cost of borrowing which result in increased consumption and high improved economic activity in most countries in SADC. Though the level of economic activity and growth is different among countries in this block it has been realized from the literature and empirical studies that was reviewed that FSD matters for growth in most countries in SADC. '

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