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This paper examines the nexus between financial development and energy consumption in South Africa. To determine the … long run and short run relationship between financial development and energy consumption in South Africa, the paper uses an …, real GDP growth (to capture economic growth), industrial value added (percentage of GDP) to measure industrialization, and …
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openness on economic growth in Indonesia over the period 1984-2018. To do so, the study employed the autoregressive distributed … domestic credit) positively influence economic growth in the long run. However, financial development (measured by money supply …) and trade openness demonstrate a negative effect on economic growth. The positive nexus among industrialization, financial …
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