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- W104209541 abstract "This study takes a fresh look at the direction of causality between financial development andeconomic growth in Kenya by examining the impact of inflation on the finance-growth nexus.The empirical results reveal that economic growth Granger-causes financial development inKenya irrespective of whether the causality is estimated in a bivariate framework or in atrivariate setting. The study, therefore, concludes that the financial sector development inKenya is largely dependent on the demand for, rather than the supply of, financial services.Other results show that economic growth Granger-causes inflation while inflation Grangercausesfinancial development in Kenya. The results apply irrespective of whether the causalityis estimated in the short run or in the long run." @default.
- W104209541 created "2016-06-24" @default.
- W104209541 creator A5075418391 @default.
- W104209541 date "2009-01-01" @default.
- W104209541 modified "2023-09-26" @default.
- W104209541 title "Finance-growth nexus and inflation dynamics in Kenya: an empirical investigation" @default.
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