Causal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africa

dc.contributor.advisorGossel, Sean Jen_ZA
dc.contributor.authorMbu, Johnen_ZA
dc.date.accessioned2018-11-07T13:03:24Z
dc.date.available2018-11-07T13:03:24Z
dc.date.issued2014en_ZA
dc.description.abstractThis report examines the causal linkages between FDI, financial sector development, savings, remittances and economic growth in South Africa using annual time series data from 1970 to 2010. The results show that none of the financial sector variables directly lead to economic growth. However, economic growth is found to stimulate FDI and financial sector development. With regards to the causal linkages between the different financial factors, the results show that savings have highly significant causal linkages with FDI and financial sector development. In addition, the results suggest that savings have a moderately significant causal relationship with remittances. Furthermore, the results indicate that FDI has a weakly unidirectional causal relationship with financial sector development, and the direction of causality runs from FDI. The findings also suggest that remittances have a weakly significant relationship with FDI. Thus, these findings suggest that policy-makers in South Africa should aim principally at increasing domestic savings and economic growth rates since increasing domestic savings will significantly increase FDI, financial sector development and remittances, and increases in the economic growth rates will significantly increase financial sector development and FDI.en_ZA
dc.identifier.apacitationMbu, J. (2014). <i>Causal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africa</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/29023en_ZA
dc.identifier.chicagocitationMbu, John. <i>"Causal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africa."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014. http://hdl.handle.net/11427/29023en_ZA
dc.identifier.citationMbu, J. 2014. Causal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Mbu, John AB - This report examines the causal linkages between FDI, financial sector development, savings, remittances and economic growth in South Africa using annual time series data from 1970 to 2010. The results show that none of the financial sector variables directly lead to economic growth. However, economic growth is found to stimulate FDI and financial sector development. With regards to the causal linkages between the different financial factors, the results show that savings have highly significant causal linkages with FDI and financial sector development. In addition, the results suggest that savings have a moderately significant causal relationship with remittances. Furthermore, the results indicate that FDI has a weakly unidirectional causal relationship with financial sector development, and the direction of causality runs from FDI. The findings also suggest that remittances have a weakly significant relationship with FDI. Thus, these findings suggest that policy-makers in South Africa should aim principally at increasing domestic savings and economic growth rates since increasing domestic savings will significantly increase FDI, financial sector development and remittances, and increases in the economic growth rates will significantly increase financial sector development and FDI. DA - 2014 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - Causal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africa TI - Causal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africa UR - http://hdl.handle.net/11427/29023 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/29023
dc.identifier.vancouvercitationMbu J. Causal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africa. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/29023en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleCausal linkages between FDI, financial sector development, remittances, domestic savings and economic growth in South Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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