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Browsing Unisa Economic Research Working Paper Series by Issue Date

Browsing Unisa Economic Research Working Paper Series by Issue Date

Now showing items 1-20 of 201

The impact of bank-based and market-based financial development on economic growth: time-series evidence from the United Kingdom

Nyasha, Sheilla (2015)

This paper examines the dynamic impact of both bank-based and market-based financial development on economic growth in the United Kingdom (UK) during the period 1980 to 2012, using the autoregressive distributed lag bounds ...
Do financial systems spur economic growth in the USA? An empirical investigation

Nyasha, Sheilla (2015)

In this paper, we use the autoregressive distributed lag (ARDL) bounds testing approach to examine the dynamic impact of both bank-based financial development and market-based financial development on economic growth in ...
DOES STOCK MARKET PERFORMANCE SPUR ECONOMIC GROWTH? EMPIRICAL EVIDENCE FROM GHANA

Njindan Iyke, Bernard, Nicholas M Odhiambo (2015)

In this paper, we investigate the relationships between stock market performance and economic growth in Ghana over the period 1991Q1 and 2012Q4 using ARDL procedure for testing cointegration and causality. Unlike previous ...
Banks, stock market development and economic growth in Kenya: an empirical investigation

Nyasha, Sheilla (2015)

In this paper, we have examined the impact of both bank- and market-based financial development on economic growth in Kenya during the period 1980 to 2012, using the autoregressive distributed lag bounds testing approach. ...
Does stock market performance spur economic growth? Empirical evidence from Ghana

Njindan Iyke , Bernard (2015-07)

In this paper, we investigate the relationships between stock market performance and economic growth in Ghana over the period 1991Q1 and 2012Q4 using ARDL procedure for testing cointegration and causality. Unlike previous ...
The determinants of long-run real exchange rates in South Africa: a fundamental equilibrium approach

Njindan Iyke , Bernard (2015-07)

In this paper, we identify the fundamental determinants of the long-run exchange rates in South Africa. We then estimate the equilibrium real exchange rate for this country using a dataset covering the period 1975-2012. ...
Are banks and stock markets complements or substitutes? Empirical evidence from three countries

Nyasha, Sheilla (2015-07)

This paper has tested whether bank-based financial development and market-based financial development are complements of, or substitutes for, one another in enhancing economic growth in the USA, Brazil and Kenya during ...
Financial systems and economic growth: empirical evidence from Australia

Nyasha, Sheilla (2015-07)

This paper has examined the dynamic impact of both bank- and market-based financial development on economic growth in Australia – during the period 1980 to 2012. The study uses the autoregressive distributed lag bounds ...
Modelling long-run equilibrium exchange rate in Botswana

Njindan Iyke , Bernard (2015-08)

In this paper, we have estimated the equilibrium real exchange rate for Botswana. We have also reviewed the exchange rate regimes pursued by Botswana from independence to date. The evidence suggests that Botswana operated ...
A re-examination of long-run Purchasing Power Parity (PPP) hypothesis: the case of two Southern African countries

Njindan Iyke , Bernard (2015-08)

In this paper, we have examined the validity of the PPP hypothesis for two Southern African countries, namely: Lesotho and Zambia. We have utilized four econometric tests to examine the existence of the PPP hypothesis in ...
Financial intermediaries and economic growth in Ghana: an empirical investigation

Nyasha, Sheilla (2015-10)

This paper examines the impact of bank-based financial development on economic growth in Ghana during the period from 1970 to 2014 – using the autoregressive distributed lag (ARDL) bounds testing approach. Unlike some ...
What drives long-run economic growth? Empirical evidence from South Africa

Chirwa, Themba G (2016)

In this study, we examine empirically the key determinants of economic growth in South Africa – using the ARDL bounds-testing approach. The paper has been motivated by the low and dwindling economic growth that South ...
Financial intermediaries, capital markets, and economic growth: empirical evidence from six countries

Nyasha, Sheilla (2016-01)

Abstract This paper investigates the dynamic causal relationship between financial systems and economic growth in three developing countries – South Africa, Brazil and Kenya – and three developed countries – the United ...
The drivers of real sector growth in Malawi: an empirical investigation

Chirwa, Themba G (2016-03)

The paper empirically investigates the key macroeconomic determinants of growth in Malawi, using the recently developed ARDL bounds-testing approach. The paper is motivated by the social and economic hardships that Malawi ...
Poverty and economic growth in Ethiopia: a multivariate causal linkage

Nyasha, Sheilla (2016-03)

This paper investigates the dynamic causal linkage between poverty reduction and economic growth in Ethiopia during the period from 1970 to 2014. To address the omission of variable bias, the study includes financial ...
Sources of economic growth in Zambia: an empirical investigation

Chirwa, Themba G (2016-04)

In this paper, the key macroeconomic determinants of economic growth in Zambia are investigated using the recently developed ARDL bounds-testing approach. The study has been motivated by the unsustainable growth trends ...
Macro and institutional determinants of domestic investment in Sub-Saharan African countries

Akanbi, Olusegun A (2016-05)

This study examines the determinants of domestic investment in sub-Saharan African (SSA) countries with explicit focus on the role of governance/institutions. The literature has emphases more on the macroeconomic factors ...
Energy consumption and economic growth in Ethiopia: A dynamic causal linkage

Nyasha , Sheilla (2016-05)

In this study, we have explored the causal relationship between energy consumption and economic growth in Ethiopia, during the period from 1971 to 2013. We have employed a multivariate Granger-causality framework that ...
The Impact of financial development on investment in Botswana: an ARDL-Bounds testing approach

Muyambiri, Brian (2016-05)

This paper examines the impact of both bank-based and market-based financial development on investment in Botswana during the period 1976 – 2012, using the autoregressive distributed lag (ARDL) bounds testing approach. The ...
Financial development and economic growth in Ethiopia: A dynamic causal linkage

Nyasha, Sheilla (2016-05)

This paper investigates the dynamic causal linkage between bank-based financial development and economic growth in Ethiopia during the period from 1980 to 2014. The study includes savings and investment as intermittent ...

Browsing Unisa Economic Research Working Paper Series by Issue Date

Browsing Unisa Economic Research Working Paper Series by Issue Date

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