Financial Development, Financial Structure and Economic Growth in Tanzania
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This paper investigates the influence of financial structure and financial development on the performance of the economy during the period a 1990 to 2016. An econometric model is used to quantify the impact of the two variables and investment as a control variable, on economic growth. Financial structure is measured by structure-activity and structure-size while financial development is measured by finance size and finance –activity. Gross capital formation is used to measure investment. Economic growth is measured by annual change in GDP. The estimation results suggest that both financial structure and financial development were important in influencing economic growth in Tanzania during the period under study.
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