Record Details

The Causal Relationship between Financial Development and Economic Performance in Tanzania

African Journal of Economic Review

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Title The Causal Relationship between Financial Development and Economic Performance in Tanzania
 
Creator Aikaeli, Jehovaness
Mbellenge, Costantine Richard
 
Subject Growth, credit to private sector, money supply, financial development
 
Description The study employs cointegration, vector error correction model and Granger causality test to ascertain causation between financial development and economic performance in Tanzania. Economic performance is measured by the real GDP, whereas proxies for financial development are: the ratio of money supply to nominal GDP; and growth of credit to private sector. The results show that there is a stable long-run relationship between financial development and economic performance in Tanzania. Granger causality test indicates that the causality runs from financial development to economic performance.Keywords: Growth, credit to private sector, money supply, financial development
 
Publisher Centre for Economics and Community Economic Development
 
Contributor —
 
Date 2015-12-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ajer/article/view/127212
 
Source African Journal of Economic Review; Vol 4, No 1 (2016); 170-184
1821-8148
 
Language eng
 
Relation http://www.ajol.info/index.php/ajer/article/view/127212/116730
 
Rights The copyright belongs to: African Journal of Economic Review, Centre for Economics and Community Economic Development, The Open University of Tanzania, P.O.Box 23409, Dar es salaam, Tanzania