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Financial Development and Economic Growth: An empirical investigation of this nuexus in Ghana
Södertörn University, School of Social Sciences.
2013 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This paper examines the relationaship between financial development and economic growth in ghana. This is done using time series econometric procedures by employing four proxy of financial development and applying granger causality test, cointegrating test, vector error correction model. The empirical results show that the direction of causalty is sensitive to the choice of proxy. It was discovered that finance follows in the direction of economic growth but doesnt necessarily lead to it. The empirical cointegration results weakly supprt long run relationship between financial development and economic growth.

Place, publisher, year, edition, pages
2013. , 49 p.
Keyword [en]
Financial Development, Economic Growth, Granger Causality, Cointegration
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-18872OAI: oai:DiVA.org:sh-18872DiVA: diva2:621160
Subject / course
Economics
Presentation
2013-04-12, MC243, Alfred nobels alle7,flemingberg, 14189,huddinge, 13:00 (English)
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2013-05-14 Created: 2013-05-13 Last updated: 2013-05-14Bibliographically approved

Open Access in DiVA

fulltext(918 kB)467 downloads
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Oppong, Adwoa Dufie
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf