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Financial Development and Economic Growth: An empirical investigation of this nuexus in Ghana
Södertörn University, School of Social Sciences.
2013 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This paper examines the relationaship between financial development and economic growth in ghana. This is done using time series econometric procedures by employing four proxy of financial development and applying granger causality test, cointegrating test, vector error correction model. The empirical results show that the direction of causalty is sensitive to the choice of proxy. It was discovered that finance follows in the direction of economic growth but doesnt necessarily lead to it. The empirical cointegration results weakly supprt long run relationship between financial development and economic growth.

Place, publisher, year, edition, pages
2013. , 49 p.
Keyword [en]
Financial Development, Economic Growth, Granger Causality, Cointegration
National Category
URN: urn:nbn:se:sh:diva-18872OAI: diva2:621160
Subject / course
2013-04-12, MC243, Alfred nobels alle7,flemingberg, 14189,huddinge, 13:00 (English)
Social and Behavioural Science, Law
Available from: 2013-05-14 Created: 2013-05-13 Last updated: 2013-05-14Bibliographically approved

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Oppong, Adwoa Dufie
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