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• W2571551130 abstract "This paper uses Johansen cointegration and the vector error correction model within a country specific setting to empirically test the existence of a long-run equilibrium relationship between economic growth and financial structure and the causality thereof. The empirical assessment is based on evidence from selected African countries over the period 1971-2013. The results show that a strong long-run relationship between financial structure and economic growth exists in Egypt and South Africa. Evidence in respect of Nigeria is weak. Thus, the study reveals that, in countries with financial systems that have attained a certain threshold, financial structure matters for economic growth." @default.
• W2571551130 created "2017-01-13" @default.
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• W2571551130 date "2015-01-01" @default.
• W2571551130 modified "2023-09-26" @default.
• W2571551130 title "THE STRUCTURE OF FINANCIAL SYSTEMS AND ECONOMIC GROWTH IN AFRICA'S THREE BIGGEST ECONOMIES: A TIME SERIES EVIDENCE" @default.
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• W2571551130 hasPublicationYear "2015" @default.
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