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Financial Development and Economic Growth : An empirical investigation of this nuexus in Ghana

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.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:sh-18872
Date January 2013
CreatorsOppong, Adwoa Dufie
PublisherSödertörns högskola, Institutionen för samhällsvetenskaper
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

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