Please use this identifier to cite or link to this item:
http://hdl.handle.net/123456789/2497
Title: | The Impact of Financial Sector Development on Economic Growth: The Case of Ethiopia |
Authors: | Tadesse, Dagim |
Keywords: | Financial sector, development, economic growth and impact |
Issue Date: | Jul-2015 |
Publisher: | ST. MARY'S UNIVERSITY |
Abstract: | Finance-growth nexus is one of the main debatable issues in the major
economies of the world. Some argue that the impact goes from finance
to growth while others argue that the impact is reverse, i.e. economic
growth lead financial sector development. There are also others who
suggest the relation is bi-directional. So, this study focused on
examining the impact of financial sector development on economic
growth of Ethiopia by using annual data for the period 1980-2013.The
study used time series econometrics model which was estimated by
using Ordinary Least Square (OLS). In this study financial sector
development was proxied by credit extended to private sector to GDP
ratio. The finding of this study suggests that financial sector
development has positive impact on economic growth of Ethiopia.
Hence, to increase the positive contribution of the sector on the
economic growth of the country priority should be given in creating
favorable institutional environments, internal capacity building and
ensuring accessibility to the rural population. |
URI: | http://hdl.handle.net/123456789/2497 |
Appears in Collections: | The 9th Student Research Forum
|
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