The Causal Relationship between Financial Development and Economic Performance in Tanzania

dc.contributor.authorAikaeli, Jehovaness
dc.contributor.authorMbellenge, Costantine Richard
dc.date.accessioned2016-05-11T16:57:37Z
dc.date.available2016-05-11T16:57:37Z
dc.date.issued2015-09
dc.description.abstractThis study determines causal relationship between financial development and economic performance in Tanzania. The study employs cointegration and vector error correction model techniques. Granger causality test was applied to ascertain causation between financial development and economic performance. Overall economic performance is measured by the GDP out-turn; and proxies of 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.en_US
dc.identifier.citationAikaeli, J. & Mbellenge, C. The Causal Relationship between Financial Development and Economic Performance in Tanzania. SSRN Electronic Journal. http://dx.doi.org/10.2139/ssrn.2706034en_US
dc.identifier.issn1556-5068
dc.identifier.urihttp://hdl.handle.net/20.500.11810/1985
dc.language.isoenen_US
dc.publisherSSRN Electronic Journalen_US
dc.subjectGrowthen_US
dc.subjectCredit to private sectoren_US
dc.subjectMoney supplyen_US
dc.subjectFinancial developmenten_US
dc.titleThe Causal Relationship between Financial Development and Economic Performance in Tanzaniaen_US
dc.typeJournal Articleen_US
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