Joel Hinaunye Eita () (Investment and Trade Policy Centre, University of Pretoria) André C. Jordaan () (Investment and Trade Policy Centre, University of Pretoria)
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This paper analyses the causal relationship between financial development and economic growth in Botswana for the period 1977 to 2006, using Granger causality through cointegrated Vector Autoregression methods. The results show that there is a stable long- run relationship between financial development and economic growth. Financial development causes economic growth in Botswana. The causality runs from financial development to economic growth. The results suggest that the financial sector is important in the economic growth and development of Botswana. Financial intermediation and institutional financial reforms should be enhanced in order to promote Botswana’s economic growth.
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Paper provided by University of Pretoria, Department of Economics in its series Working Papers with number
200722.