A further investigation of the growth-finance nexus in Kenya
This paper focuses on the finance-development nexus investigating the role of financial deepening and trade openness in general and several macroeconomic variables in the economic development of Kenya. Using a vector error-correction model, the paper tries to determine the causal relationships betwe...
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| Format: | conferenceObject |
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2018
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| Online Access: | http://hdl.handle.net/10725/7408 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2429334 |
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| Summary: | This paper focuses on the finance-development nexus investigating the role of financial deepening and trade openness in general and several macroeconomic variables in the economic development of Kenya. Using a vector error-correction model, the paper tries to determine the causal relationships between finance, exports and economic development using a variety of statistical tests in both static and dynamic models. Our finding emphasize the role of financial development and trade openness in improving capital allocation and growth. |
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