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The Impact of Financial Liberalization Policies: The Case of Botswana

Author

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  • Abdullahi Dahir Ahmed

    (University of Melbourne, Australia)

Abstract

Financial liberalization enables market forces to play a greater role in mobiliz- ing resources, allocating credit, setting financial asset prices and improving financial intermediation. Many studies have claimed that these changes enhance savings, and improve efficiency of investment, which ultimately ameliorate economic growth. This paper attempts to analyse the Botswana experience, where despite having an open economy for many decades, financial liberalization was a major policy in the recent structural change. Our analy- sis show that, in line with the objectives of financial liberalization program in Botswana, both the level of savings and efficiency of investment, have shown some sign of improvement.

Suggested Citation

  • Abdullahi Dahir Ahmed, 2006. "The Impact of Financial Liberalization Policies: The Case of Botswana," Journal of African Development, African Finance and Economic Association (AFEA), vol. 8(1), pages 13-38.
  • Handle: RePEc:afe:journl:v:8:y:2006:i:1:p:13-38
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    Citations

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    Cited by:

    1. James Atta Peprah & Isaac Kwesi Ofori & Abel Nyarko Asomani, 2019. "Financial development, remittances and economic growth: A threshold analysis," Cogent Economics & Finance, Taylor & Francis Journals, vol. 7(1), pages 1625107-162, January.
    2. John Serieux, 2008. "Financial Liberalization and Domestic Resource Mobilization in Africa: an Assessment," Working Papers 45, International Policy Centre for Inclusive Growth.
    3. Janice Tieguhong Puatwoe & Serge Mandiefe Piabuo, 2017. "Financial sector development and economic growth: evidence from Cameroon," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 3(1), pages 1-18, December.
    4. Eita, Joel Hinaunye, 2009. "The finance-growth nexus in Namibia," MPRA Paper 78418, University Library of Munich, Germany.
    5. Md. Qamruzzaman & Wei Jianguo, 2017. "Financial innovation and economic growth in Bangladesh," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 3(1), pages 1-24, December.
    6. Md. Qamruzzaman & Wei Jianguo, 2018. "Nexus between financial innovation and economic growth in South Asia: evidence from ARDL and nonlinear ARDL approaches," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-19, December.
    7. Nicholas M. Odhiambo & Oludele A. Akinboade, 2009. "Interest‐Rate Reforms and Financial Deepening in Botswana: An Empirical Investigation," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 38(1‐2), pages 97-116, February.
    8. MUYAMBIRI, Brian & ODHIAMBO, Nicholas M., 2017. "The Impact of Financial Development on Investment in Botswana: an ARDL-Bounds Testing Approach," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 70(2), pages 193-216.
    9. Brian Muyambiri & Nicholas M. Odhiambo, 2018. "The Impact Of Financial Development On Investment: A Review Of International Literature," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 9(2).
    10. Hamdi Becha & Maha Kalai & Kamel Helali, 2023. "Smooth transition regression model relating inflation to economic growth in Tunisia," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 12(1), pages 1-26, December.

    More about this item

    Keywords

    Financial liberalization; Case of Botswana;

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