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The impact of financial development on private investment in South Africa
The study analysed the impact of financial development (measured by depth, stability, efficiency and access) on private investment in South Africa over the period 1977 (Q1) to 2015 (Q4). Autoregressive distributive lag model was used in addition to conducting further tests to establish the efficienc...
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| Format: | Thesis |
| Language: | English |
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Research of GSB
2017
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| _version_ | 1867613212154789888 |
|---|---|
| access_status_str | Open Access |
| author | Hashikutuva, Lovisa Ndapewelao |
| author2 | Gossel, Sean J |
| author_browse | Gossel, Sean J Hashikutuva, Lovisa Ndapewelao |
| author_facet | Gossel, Sean J Hashikutuva, Lovisa Ndapewelao |
| author_sort | Hashikutuva, Lovisa Ndapewelao |
| collection | Thesis |
| description | The study analysed the impact of financial development (measured by depth, stability, efficiency and access) on private investment in South Africa over the period 1977 (Q1) to 2015 (Q4). Autoregressive distributive lag model was used in addition to conducting further tests to establish the efficiency of the model using standard diagnostics which confirmed the overall significance of the model. The results find the relationship between financial development and private investment in South Africa to be long-run in nature. The statistically significant variables found to explain the variance of private investment for South Africa in both the short- and long-run are market capitalization, domestic credit, growth in output as well as trade openness. Interest rate spread was found significant only in the short-run. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/25092 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:33.381Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | Research of GSB |
| publisherStr | Research of GSB |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/25092 The impact of financial development on private investment in South Africa Hashikutuva, Lovisa Ndapewelao Gossel, Sean J Development Finance The study analysed the impact of financial development (measured by depth, stability, efficiency and access) on private investment in South Africa over the period 1977 (Q1) to 2015 (Q4). Autoregressive distributive lag model was used in addition to conducting further tests to establish the efficiency of the model using standard diagnostics which confirmed the overall significance of the model. The results find the relationship between financial development and private investment in South Africa to be long-run in nature. The statistically significant variables found to explain the variance of private investment for South Africa in both the short- and long-run are market capitalization, domestic credit, growth in output as well as trade openness. Interest rate spread was found significant only in the short-run. 2017-09-06T10:27:19Z 2017-09-06T10:27:19Z 2017 Master Thesis Masters MCom http://hdl.handle.net/11427/25092 eng application/pdf Research of GSB Faculty of Commerce University of Cape Town |
| spellingShingle | Development Finance Hashikutuva, Lovisa Ndapewelao The impact of financial development on private investment in South Africa |
| thesis_degree_str | Master's |
| title | The impact of financial development on private investment in South Africa |
| title_full | The impact of financial development on private investment in South Africa |
| title_fullStr | The impact of financial development on private investment in South Africa |
| title_full_unstemmed | The impact of financial development on private investment in South Africa |
| title_short | The impact of financial development on private investment in South Africa |
| title_sort | impact of financial development on private investment in south africa |
| topic | Development Finance |
| url | http://hdl.handle.net/11427/25092 |
| work_keys_str_mv | AT hashikutuvalovisandapewelao theimpactoffinancialdevelopmentonprivateinvestmentinsouthafrica AT hashikutuvalovisandapewelao impactoffinancialdevelopmentonprivateinvestmentinsouthafrica |