Analysis of the relationship between financial development and economic growth in South Africa

Simple item page
dc.contributor.authorZimu, Simphiwe
dc.date.accessioned2022-01-28T22:19:24Z
dc.date.available2022-01-28T22:19:24Z
dc.date.issued2021
dc.descriptionA research submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Master of Management in Finance and Investments, 2021en_ZA
dc.description.abstractUsing 1980 -2018 annual data, this study investigates the relationship between financial development and economic growth using country-specific time series data. Focusing on South African economy, the study attempts finding out if South Africa displays its own peculiar /specific finance–growth nexus. To address the use of single variable, this paper uses the financial development index recently developed as a broad measure of financial development released by the International Monetary Fund. This index captures several multidimensional aspects of the financial system. Given the numerous advantages over previously used cointegration tests, the Autoregressive Distributed Lag (ARDL) approach is used in this paper to examine both the long run and short run relationship between financial development and economic growth. The results of this study show evidence that the impact of financial development (financial institutions and financial markets) on economic growth is mixed and sensitive to variables used as measures of financial development. However, this study finds that the causal relationship flows from financial institutions and financial markets development to economic grow, though financial institution development predominatesen_ZA
dc.description.librarianCKen_ZA
dc.facultyFaculty of Commerce, Law and Managementen_ZA
dc.identifier.urihttps://hdl.handle.net/10539/32660
dc.language.isoenen_ZA
dc.rights.holderUniversity of the Witswatersrand, Johannesburg
dc.schoolWits Business Schoolen_ZA
dc.subjectFinancial Development Index
dc.subjectFinancial institution index
dc.subjectFinancial Markets Index
dc.subject.otherSDG-8: Decent work and economic growth
dc.titleAnalysis of the relationship between financial development and economic growth in South Africaen_ZA
dc.typeDissertationen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Simphiwe Zimu_967866_Research Report_13042021.pdf
Size:
1.06 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Electronic Theses and Dissertations (Masters/MBA)