The causal relationship between financial development and economic growth: Evidence from East African countries
Dissertation Submitted in Partial Fulfilment of requirements for the Degree of Master of Science in Accounting and Finance (Msc. A&F) of Mzumbe University
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| Format: | Thesis |
| Language: | en_US |
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Mzumbe University
2024
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| Online Access: | https://scholar.mzumbe.ac.tz/handle/123456789/774 |
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| author | Haki, Dorothy S. |
| author_facet | Haki, Dorothy S. |
| author_sort | Haki, Dorothy S. |
| collection | DSpace |
| description | Dissertation Submitted in Partial Fulfilment of requirements for the Degree of Master of Science in Accounting and Finance (Msc. A&F) of Mzumbe University |
| format | Thesis |
| id | oai:null:123456789-774 |
| institution | Mzumbe University |
| language | en_US |
| publishDate | 2024 |
| publisher | Mzumbe University |
| record_format | dspace |
| spelling | oai:null:123456789-7742024-05-20T08:11:51Z The causal relationship between financial development and economic growth: Evidence from East African countries Haki, Dorothy S. Financial development Economic growth- East African counties financial development- East African counties financial system Risk reduction Dissertation Submitted in Partial Fulfilment of requirements for the Degree of Master of Science in Accounting and Finance (Msc. A&F) of Mzumbe University This paper examines the causal relationship between financial development and economic growth in three countries of east Africa (Tanzania, Kenya, and Uganda) over the 1987-2013 periods The study used annual growth rate as proxy of economic growth, thus dependant variable. Financial development was determined by three proxies and therefore independent variables, these proxies are; Domestic Credit to Private Sector, financial system deposits as the ratio of total financial system deposits and Liquidity liabilities that used to measure economic growth. The research deployed quantitative research approach analyzing by using stata program and the study used only secondary data .The causal relationship between financial development (FD) and economic growth (EG) was examined by using Vector autoregressive VAR model and Granger causality test. Phillips-Perron (PP) tests and augmented Dick fuller test were used to test for unit root (non-stationary) This study found that there is a bidirectional relationship between financial development and economic growth for Tanzania, for Kenya the result revealed unidirectional relationship running from economic growth to financial development and for Uganda the causal relationship is only financial development which leads Economic growth. The different results indicates that each east African country has its own polices, regulations and laws that differ from another country. Therefore the differences can be removed by making sure that laws, policies and regulations formulated by Policy makers are the same in all east African countries 2024-05-20T08:11:48Z 2024-05-20T08:11:48Z 2016 Thesis APA https://scholar.mzumbe.ac.tz/handle/123456789/774 en_US application/pdf Mzumbe University |
| spellingShingle | Financial development Economic growth- East African counties financial development- East African counties financial system Risk reduction Haki, Dorothy S. The causal relationship between financial development and economic growth: Evidence from East African countries |
| title | The causal relationship between financial development and economic growth: Evidence from East African countries |
| title_full | The causal relationship between financial development and economic growth: Evidence from East African countries |
| title_fullStr | The causal relationship between financial development and economic growth: Evidence from East African countries |
| title_full_unstemmed | The causal relationship between financial development and economic growth: Evidence from East African countries |
| title_short | The causal relationship between financial development and economic growth: Evidence from East African countries |
| title_sort | causal relationship between financial development and economic growth evidence from east african countries |
| topic | Financial development Economic growth- East African counties financial development- East African counties financial system Risk reduction |
| url | https://scholar.mzumbe.ac.tz/handle/123456789/774 |
| work_keys_str_mv | AT hakidorothys thecausalrelationshipbetweenfinancialdevelopmentandeconomicgrowthevidencefromeastafricancountries AT hakidorothys causalrelationshipbetweenfinancialdevelopmentandeconomicgrowthevidencefromeastafricancountries |