- Title
- The relationship between financial development and economic growth in Eswatini (formerly Swaziland)
- Creator
- Fakudze, Siphe-okuhlehttps://orcid.org/0000-0001-7928-5552
- Subject
- Economic development -- Eswatini
- Subject
- Eswatini -- Economic conditions
- Date Issued
- 2019-12
- Date
- 2019-12
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10353/19704
- Identifier
- vital:43170
- Description
- The study empirically examined the relationship between financial development and economic growth in Eswatini using quarterly time series data covering the period 1996 to 2018. Auto Regressive Distributed Lag bounds test technique and Granger causality test were used. The ratio of credit to the private sector to economic growth, openness to trade, revealed a positive relationship with economic growth in the long-run and short-run dynamics. Money supply displayed a negative association with real output in the long-run and short-run. Government size as a ratio of GDP highlighted a negative linkage with economic growth in the long-run and temporary positive association in the short-run. The Granger Causality test results displayed unidirectional causality running from financial development to economic growth, supporting the demand following causality hypothesis in Eswatini. The study recommends developing policies aimed at enhancing credit to the private sector to stimulate investment; reprioritise Government expenditure to minimise fiscal gap and support supply side reforms focusing on infrastructure development; control domestic liquidity and develop market securities attractive to the private sector; strengthen trade intensity to bolster growth; and improve regulatory framework to develop the non-bank financial industry.
- Description
- Thesis (MCom) -- Faculty of Management and Commerce, 2019
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (103 pages)
- Format
- Publisher
- University of Fort Hare
- Publisher
- Faculty of Management and Commerce
- Language
- English
- Rights
- University of Fort Hare
- Rights
- All Rights Reserved
- Rights
- Open Access
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UFH Department of Economics
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | FAKUDZE_200700169_MCOM ECONOMICS.pdf | 899 KB | Adobe Acrobat PDF | View Details Download |