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The financial markets development and economic growth in Rwanda: A causality test
2 Rwandan mathematician and economist, Rwanda
Received: 02-Jan-2024, Manuscript No. puljpam-24-6997; Editor assigned: 03-Jan-2024, Pre QC No. puljpam-24-6997 (PQ); Accepted Date: Mar 19, 2024; Reviewed: 15-Jan-2024 QC No. puljpam-24-6997 (Q); Revised: 31-Jan-2024, Manuscript No. puljpam-24-6997 (R); Published: 31-Mar-2024, DOI: 10.37532/2752- 8081.24.8(2).01-10
Citation: Uwizeye C, Ndoriyobijya E. The financial markets development and economic growth in Rwanda: A causality test. J Pure Appl Math. 2024; 8(2): 01-10.
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Abstract
The study examines the relationship between financial markets’ development and economic growth in Rwanda, using regression models, Granger causality tests, and a Vector Error Correction Model (VECM). Results show significant links between variables, highlighting the importance of efficient resource allocation and price stability. The study also reveals bidirectional causality between financial market development and real GDP growth rate, indicating a mutually reinforcing relationship. Policymakers should prioritize measures promoting financial market development, enhancing government expenditure effectiveness, and ensuring price stability. Coordinated economic policies and further research are recommended to foster sustainable economic growth, financial stability, and improved living standards in Rwanda.
Retraction Note
The Publisher and Editor regretfully retract the article titled "The financial markets development and economic growth in Rwanda: A causality test" published in Journal of Pure and Applied Mathematics Volume 8, Issue 2, and Page no. 1-10 following an investigation which found that the author violated the Journal's policy and putting false allegations towards to the journal. This is contrary to the ethical standards of the journal and unacceptable. The authors have been notified of this decision. The Publisher and Editor apologize to the readers of the journal for any inconvenience this may cause.
