Financial System Development and Economic Development in Malawi
| dc.contributor.advisor | Ndlovu, Godfrey | |
| dc.contributor.author | Chikafa, Scora | |
| dc.date.accessioned | 2023-03-01T12:00:28Z | |
| dc.date.available | 2023-03-01T12:00:28Z | |
| dc.date.issued | 2022 | |
| dc.date.updated | 2023-02-20T12:24:12Z | |
| dc.description.abstract | The financial system development and economic development nexus has been a debate for over a decade. Both theory and empirical evidence provides conflicting evidence on the direction and nature of the relationship between financial system development and economic development. Results vary widely depending on whether one uses bank-based or market-based indicators of financial development. This paper seeks to address by using the composite indicator of financial development, developed by the International Monetary Fund( IMF), which captures depth, access, and efficiency of the financial system. Using yearly data of the period range 1980 to 2019, and employing an Autoregressive Distributed Lag (ARDL) cointegration technique or bound cointegration technique, the paper finds a significant long run negative relationship between financial system development and economic development, which runs from financial system development to economic development of Malawi. Therefore, in order to improve economic development, Malawi has been advised to improve its financial system through easy credit access and boosting its forex market, improve infrastructure and implement financial literacy programs that would teach citizens how best they can utilize resources given to them. | |
| dc.identifier.apacitation | Chikafa, S. (2022). <i>Financial System Development and Economic Development in Malawi</i>. (). ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/37082 | en_ZA |
| dc.identifier.chicagocitation | Chikafa, Scora. <i>"Financial System Development and Economic Development in Malawi."</i> ., ,Faculty of Commerce ,School of Economics, 2022. http://hdl.handle.net/11427/37082 | en_ZA |
| dc.identifier.citation | Chikafa, S. 2022. Financial System Development and Economic Development in Malawi. . ,Faculty of Commerce ,School of Economics. http://hdl.handle.net/11427/37082 | en_ZA |
| dc.identifier.ris | TY - Master Thesis AU - Chikafa, Scora AB - The financial system development and economic development nexus has been a debate for over a decade. Both theory and empirical evidence provides conflicting evidence on the direction and nature of the relationship between financial system development and economic development. Results vary widely depending on whether one uses bank-based or market-based indicators of financial development. This paper seeks to address by using the composite indicator of financial development, developed by the International Monetary Fund( IMF), which captures depth, access, and efficiency of the financial system. Using yearly data of the period range 1980 to 2019, and employing an Autoregressive Distributed Lag (ARDL) cointegration technique or bound cointegration technique, the paper finds a significant long run negative relationship between financial system development and economic development, which runs from financial system development to economic development of Malawi. Therefore, in order to improve economic development, Malawi has been advised to improve its financial system through easy credit access and boosting its forex market, improve infrastructure and implement financial literacy programs that would teach citizens how best they can utilize resources given to them. DA - 2022_ DB - OpenUCT DP - University of Cape Town KW - Autoregressive Distributed Lag Model KW - Economic Development KW - Financial Development Index KW - Malawi LK - https://open.uct.ac.za PY - 2022 T1 - Financial System Development and Economic Development in Malawi TI - Financial System Development and Economic Development in Malawi UR - http://hdl.handle.net/11427/37082 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/37082 | |
| dc.identifier.vancouvercitation | Chikafa S. Financial System Development and Economic Development in Malawi. []. ,Faculty of Commerce ,School of Economics, 2022 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/37082 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | School of Economics | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.subject | Autoregressive Distributed Lag Model | |
| dc.subject | Economic Development | |
| dc.subject | Financial Development Index | |
| dc.subject | Malawi | |
| dc.title | Financial System Development and Economic Development in Malawi | |
| dc.type | Master Thesis | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MCom |