Financial Development and Investment in Botswana: A Multivariate Causality Test
نویسندگان
چکیده
منابع مشابه
Saving, Investment, and Growth: A Causality Test
In the second half of the last century, tremendous efforts were devoted to identifying sources of economic success by a few countries and causes of failure by most. In this process a voluminous literature ranging from the neo-classical to Marxist, neo-Marxist, and dependency theories has been developed to answer the question of disparity among different countries of the north vis-à-vis those of...
متن کاملsaving, investment, and growth: a causality test
in the second half of the last century, tremendous efforts were devoted to identifying sources of economic success by a few countries and causes of failure by most. in this process a voluminous literature ranging from the neo-classical to marxist, neo-marxist, and dependency theories has been developed to answer the question of disparity among different countries of the north vis-à-vis those of...
متن کاملA new test of multivariate nonlinear causality
The multivariate nonlinear Granger causality developed by Bai et al. (2010) (Mathematics and Computers in simulation. 2010; 81: 5-17) plays an important role in detecting the dynamic interrelationships between two groups of variables. Following the idea of Hiemstra-Jones (HJ) test proposed by Hiemstra and Jones (1994) (Journal of Finance. 1994; 49(5): 1639-1664), they attempt to establish a cen...
متن کاملthe short and long run causality between financial development and economic growth in iranian provinces
the relationship between economic growth and developments in the financial sector has been one of the most discussed areas in economics for a long time; and the direction of causality – whether financial development causes economic growth or vice versa – is by no means a settled issue.this paper investigates the short- run and long-run granger causality between financial development and e...
متن کاملGrowing Pains in Financial Development : Institutional Weakness and Investment Efficiency
There is little evidence that the expansion of microfinance has reduced poverty, but is instead increasingly associated with problematic multiple borrowing at high interest rates and high levels of debt and default. We develop a model that rationalizes these outcomes-if entrepreneurs cannot commit to exclusive borrowing from a single lender, expanding financial access by introducing multiple le...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Folia Oeconomica Stetinensia
سال: 2018
ISSN: 1898-0198
DOI: 10.2478/foli-2018-0020