期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2014
卷号：5
期号：7
页码：25-38
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：We examine the impact of financial sector liberalization on the finance – growth nexus in Kenya by comparing a list of selected indicators of financial development using data covering pre - reform and post - reform periods. The hypothesis on the existence of a cointergrated relationship between financial sector liberalization on financial development and economic growth was tested using Engle and Granger (1987) two-step procedure.The study employed a time series analysis to evaluate the impact of financial liberalization in the finance – growth nexus. An Interactive econometric analysis on the data collected was done using Microfit 4.0. The results showed that there is a significant relationship between the size of financial services sector and economic growth. This implies that the comprehensive measure of the size of the financial sector exerts a positive and statistically significant effect on economic growth. However, financial liberalization has been found to have insignificant impact on financial development.
关键词：Financial sector; financial sector development; economic growth; Kenya
