Is Financial Development Still a Spur to Economic Growth? A Causal Evidence from South Africa

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Financial development and economic growth in Nigeria: Evidence from threshold modelling (2015, methodology): “Specifically, Odhiambo (2004) using data for South Africa demonstrated that growth predates financial system advancement, while a similar outcome is reported in Odhiambo (2008) even with the analysis focused squarely on the Kenyan economy.”
Financial Development in Kenya: a Dynamic Test of the Finance-led Growth Hypothesis (2008, unknown): “This result, though contrary to the majority of the previous studies, is consistent with Waqabaca (2004), Odhiambo (2004a) and Zang and Kim (2007).”
Effect of financial development on economic growth in sub-Saharan Africa (2018, background): “Empirical literature on finance-growth causality remains mixed (see Ghirmay, 2004; Odhiambo, 2004; Hassan et al., 2011).”
Financial Development and Economic Growth: The Experience of 10 Sub-Saharan African Countries Revisited (2010, background): “Empirical studies in support of growth driven finance include Agbetsiafa (2003), Waqabaca, (2004), Odhiambo (2004) and Odhiambo (2008).”