Effect of financial development on economic growth in Uganda

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dc.contributor.author Iwumbwe, Ali
dc.date.accessioned 2024-01-16T09:44:23Z
dc.date.available 2024-01-16T09:44:23Z
dc.date.issued 2022-11
dc.description A research report submitted to the College of Business and Management Sciences in partial fulfillment of the requirements for the award of a degree of Master of Economic Policy and Planning of Makerere University en_US
dc.description.abstract Financial development is regarded as an engine of economic growth. However, limited attention is given to examining the effect of financial development on economic growth in Uganda. This study examines the effect of financial development on economic growth in Uganda using the ARDL bounds testing approach over the period 1983-2021. The results indicated that financial development has a positive and significant effect on economic growth in the long run while other control variables such as gross fixed capital formation, labour force, real interest rate, inflation rate, and government expenditure exhibited a significant effect on economic growth. The study recommends policies that are directed towards the development of the financial sector while supporting individual businesses by setting up an enabling environment that encourages investments both public and private which is viewed as one way of enhancing economic growth. en_US
dc.identifier.citation Iwumbwe, A. (2022). Effect of financial development on economic growth in Uganda. Unpublished master’s thesis, Makerere University en_US
dc.identifier.uri http://hdl.handle.net/10570/13055
dc.language.iso en en_US
dc.publisher Makerere University en_US
dc.subject Economic growth en_US
dc.subject Financial development en_US
dc.subject Uganda en_US
dc.title Effect of financial development on economic growth in Uganda en_US
dc.type Thesis en_US
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