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Financial development and economic growth in Botswana: A test for causality

Show simple item record Akinboade O.A. en 2012-11-01T16:31:39Z 2012-11-01T16:31:39Z 1998 en
dc.identifier.citation Savings and Development en
dc.identifier.citation 22 en
dc.identifier.citation 3 en
dc.identifier.issn 3934551 en
dc.description.abstract Botswana has a small financial sector, dominated by the government, with a limited range of financial assets and undeveloped capital markets. Real assets are by far more popular than financial assets. The country was poor until the discovery of diamonds in the 1970s. Economic growth has been rapid even in the non-mining sectors such that the country is now ranked as a lower middle-income country. This study examines the relationship between financial development and economic growth in Botswana. Two indicators are used to examine Gragercausality between real per capita income and financial development. An error-correction method is adopted following the tests for unit roots and cointegration. The study suggests that per capita income in Botswana and the financial development indicators cause one another, supporting the view that economic growth causes and is caused by financial development in Botswana. en
dc.language.iso en en
dc.subject economic growth; financial market; income; market conditions; methodology; Botswana en
dc.title Financial development and economic growth in Botswana: A test for causality en
dc.type Article en

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