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DC Field | Value | Language |
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dc.contributor.author | Gupta, P | - |
dc.contributor.author | Jaezuruka, VM | - |
dc.date.accessioned | 2021-02-08T11:19:47Z | - |
dc.date.available | 2021-02-08T11:19:47Z | - |
dc.date.issued | 2020-11-25 | - |
dc.identifier | ORCID iD: Prashant Gupta https://orcid.org/0000-0001-5401-5564 | - |
dc.identifier.citation | Gupta, P. and Jaezuruka, V.M. (2020) 'Assessing Foreign Direct Investment Long-Run Contribution to Financial Development: Evidence from Namibia', Economics Bulletin, 40 (4), pp. 3111 - 3123.. Available at: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I4-P271.pdf . | en_US |
dc.identifier.issn | 1545-2921 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/22235 | - |
dc.description | JEL: C3, E44, M5. | - |
dc.description.abstract | We investigate the impact of Foreign Direct Investment on financial development using Domestic Credit to the Private Sector and Private Credit by Deposit money banks as a broader measure of financial indicators. We use the autoregressive distributed lag bounds co-integration analysis for long-run estimation on the Namibia economy as a case study for the periods 1990 to 2017. The Error Correction Model and the Granger causality approach are further used to examine the short-run dynamics and the direction of causality. Our results confirm the presence of a long-run association between FDI and financial development along with economic growth and human capital, the existence of uni-directional causal association from FDI to financial development measured in terms of domestic credit to the private sector, and bi-directional causation when measured in terms of private credit by deposit money banks. We conclude that FDI benefits Namibia financial system whilst playing a critical role in promoting human capital and economic development. Keywords: Foreign Direct Investment, Financial Development, Economic Growth, Human Capital, ARDL bounds, Granger Causality | en_US |
dc.format.extent | 3111 - 3123 | - |
dc.format.medium | Print-Electronic | - |
dc.language.iso | en | en_US |
dc.publisher | Economics Bulletin | en_US |
dc.relation.uri | http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I4-P271.pdf | - |
dc.relation.uri | https://econpapers.repec.org/article/eblecbull/eb-20-00420.htm | - |
dc.subject | foreign direct investment | en_US |
dc.subject | financial development | en_US |
dc.subject | economic growth | en_US |
dc.subject | human capital | en_US |
dc.subject | ARDL bounds | en_US |
dc.subject | Granger causality | en_US |
dc.title | Assessing Foreign Direct Investment Long-Run Contribution to Financial Development: Evidence from Namibia | en_US |
dc.type | Article | en_US |
dc.relation.isPartOf | Economics Bulletin | - |
pubs.issue | 4 | - |
pubs.publication-status | Published | - |
pubs.volume | 40 | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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