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The Causal Relationship between the Bond Market Development and Economic Growth in Africa: Case Study of South Africa

Year: 2014

Type: article

Abstract: The paper empirically examines the causal relationship between bond market development and economic growth in Africa with South Africa as a case study over a period from 1995 to 2012. Quarterly data applying the Engle Granger cointegration method and the pairwise granger causality test was used. Empirical results reveal that there is a relationship between economic activity and bond market capitalization. Our results imply that African governments should put in place policies which will promote the development of the bond market as one of the ways to mobilise domestic resources and promote economic growth. DOI: 10.5901/mjss.2014.v5n3p126

Source: Mediterranean Journal of Social Sciences

DOI: 10.5901/mjss.2014.v5n3p126

Authors: F. Kapingura, P. Makhetha-Kosi

Institution: University of Fort Hare

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W1982535366

FWCI: 3.745

Cites:

Cited by: 23

Related to: 10