linda bakang - Academia.edu (original) (raw)
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University of the West Indies- Cave Hill (Barbados)
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Various scholars and researchers have recognized that the development of the financial sector has... more Various scholars and researchers have recognized that the development of the financial sector has productivity and growth-enhancing effects. In this regard,several policies that increase financial deepening have been nurtured with the aim of improving economic growth both in developed and developing countries. This study sought to investigate the effects of financial deepening on economic growth in the Kenyan banking sector. The study achieves this objective using quarterly time series data from 2000 to 2013. Financial deepening, the independent variable was captured by four alternative indicators: Liquid Liabilities (LL) as ratio to nominal Gross Domestic Product (GDP); Credit to the Private Sector (CPS) as ratio to nominal GDP; Commercial Bank Assets as ratio to commercial bank assets plus Central Bank Assets (CCBA); and Commercial Bank Deposits (CBD) as ratio to nominal GDP. The dependent variable, economic growth, was measured by real GDP. All the variables were integrated at le...
Various scholars and researchers have recognized that the development of the financial sector has... more Various scholars and researchers have recognized that the development of the financial sector has productivity and growth-enhancing effects. In this regard,several policies that increase financial deepening have been nurtured with the aim of improving economic growth both in developed and developing countries. This study sought to investigate the effects of financial deepening on economic growth in the Kenyan banking sector. The study achieves this objective using quarterly time series data from 2000 to 2013. Financial deepening, the independent variable was captured by four alternative indicators: Liquid Liabilities (LL) as ratio to nominal Gross Domestic Product (GDP); Credit to the Private Sector (CPS) as ratio to nominal GDP; Commercial Bank Assets as ratio to commercial bank assets plus Central Bank Assets (CCBA); and Commercial Bank Deposits (CBD) as ratio to nominal GDP. The dependent variable, economic growth, was measured by real GDP. All the variables were integrated at le...