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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
Call For Paper - Volume 12 | Issue 6 | Month- June 2024
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Paper Title
FINANCIAL SERVICES AND ECONOMIC GROWTH IN TANZANIA: ORDINARY LEAST SQUARE APPROACH
Authors
Rabieth Robert Shani, Godlove charles Kainga, Emmanuel Alipipi
Keywords
Financial service, Economic growth, OLS regression, financial Liberalisation
Abstract
Purpose - The purpose of this study is to empirically study the relationship between financial services and economic growth, and contribute to the already available literature on the relationship of financial services or sectors to economic growth
Design/methodology/approach - The study used the Ordinary least square regression approach. The sample covered yearly time-series data from 1990 to 2022, i.e. 32 years.
Findings - The results suggest that financial services related to economic growth were as Liquid liability as % of GDP and the commercial bank branch as per 100,000 positively correlated to the economic growth and investment and saving and capital formation negatively correlated to economic growth, given the financial liberation and reforms the country is currently enjoying, the country has not fully brought the desired positive effects on economic growth.
IJCRT's Publication Details
Unique Identification Number - IJCRT2406510
Paper ID - 263900
Page Number(s) - e630-e639
Pubished in - Volume 12 | Issue 6 | June 2024
DOI (Digital Object Identifier) - http://doi.one/10.1729/Journal.40028
Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Rabieth Robert Shani, Godlove charles Kainga, Emmanuel Alipipi, "FINANCIAL SERVICES AND ECONOMIC GROWTH IN TANZANIA: ORDINARY LEAST SQUARE APPROACH", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 6, pp.e630-e639, June 2024, Available at :http://www.ijcrt.org/papers/IJCRT2406510.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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