The direction of causal relationship between financial development and economic growth in Namibia select="/dri:document/dri:meta/dri:pageMeta/dri:metadata[@element='title']/node()"/>

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dc.contributor.author Sindano, Abel N. en_US
dc.date.accessioned 2014-02-07T14:08:07Z
dc.date.available 2014-02-07T14:08:07Z
dc.date.issued 2009 en_US
dc.identifier.uri http://hdl.handle.net/11070/435
dc.description a theses submitted in partial fulfilment of the requirement for the Degree of Master of Science in Economics en_US
dc.description.abstract Abstract provided by author en_US
dc.description.abstract The study determines the causal relationship between financial development and economic growth in Namibia. In order to test for existence of long run relationship between the variables, the study employs a cointegration and vector error correction model (VECM) technique. Granger causality test was applied to the variables to test for the direction of causation between variables. The study uses quarterly data for the period of 1993 to 2007. Economic growth is proxied by gross domestic product, and financial development is proxied by broadly defined money supply (M2); and credit to the private sector. The result shows that there is a stable long-run relationship between financial development and economic growth. The Granger causality test indicates that the causality runs from economic growth to financial development. The results suggest that the real sector of the economy should be developed further in order to stimulate further development in the economy through policy interventions like industrial development to diversify the economic base, enhance the performance of small and medium enterprises, and, enhance the performance of the tourism sector which has a great potential in promoting growth. en_US
dc.format.extent ix, 44 p en_US
dc.language.iso eng en_US
dc.source.uri abstracts/sindano2009abs.pdf en_US
dc.source.uri http://wwwisis.unam.na/theses/sindano2009.pdf en_US
dc.subject Economic development en_US
dc.title The direction of causal relationship between financial development and economic growth in Namibia en_US
dc.type Thesis en_US
dc.identifier.isis F004-199299999999999 en_US
dc.description.degree Windhoek en_US
dc.description.degree Namibia en_US
dc.description.degree University of Namibia en_US
dc.description.degree Master of Science in Economics en_US
dc.description.status Successfully Downloaded file :http://wwwisis.unam.na/theses/sindano2009.pdf en_US
dc.masterFileNumber 3543 en_US


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