Financial Development and Economic Growth Nexus: A Rejoinder to Tsionas

3 Pages Posted: 14 May 2020

See all articles by Sheilla Nyasha

Sheilla Nyasha

University of South Africa

Nicholas Mbaya Odhiambo

University of South Africa (UNISA)

Date Written: July 2019

Abstract

Tsionas has offered a more revisionist approach to the empirics of the nexus between financial development and economic growth following our paper entitled ‘Financial development and economic growth nexus: A revisionist approach’. In the current note, we engage Tsionas’ approach in tandem with our original finance–growth nexus review. We concur with Tsionas’ approach and reiterate that the debate on the relationship between financial development and economic growth remains a complex terrain both on the theoretical and empirical fronts.

JEL Classification: G10, G20, O1

Suggested Citation

Nyasha, Sheilla and Odhiambo, Nicholas Mbaya, Financial Development and Economic Growth Nexus: A Rejoinder to Tsionas (July 2019). Economic Notes, Vol. 48, Issue 2, pp. n/a-n/a, 2019, Available at SSRN: https://ssrn.com/abstract=3597070 or http://dx.doi.org/10.1111/ecno.12136

Sheilla Nyasha (Contact Author)

University of South Africa ( email )

P.O. Box 392
UNISA
Pretoria, Gauteng 0003
South Africa

Nicholas Mbaya Odhiambo

University of South Africa (UNISA)

City of Tshwane
Pretoria
South Africa

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