Study

Sample

Estimation Methods

Main Measures

Main Findings

Jouan (2005)

Mauritius,

1979-2002

ECM/Granger causality

Private sector credit to GDP

PSC significantly and positively related to economic growth and bi-directional causality between finance and growth

Jankee (2006)

Mauritius,

1970-2000

ECM/Granger causality

Bank deposits to GDP, Private sector credit to GDP

Positive bi-directional causality between banking sector development and economic growth

Seetanah (2008)

Mauritius,

1952-2004

ARDL/ECM

Private sector credit to GDP and M2/GDP

Positive and significant short-run and long-run effects of finance on growth

Nowbutsing et al. (2010)

Mauritius,

1970-2009

VECM/Granger causality

M2/GDP, Private sector credit to GDP

Positive long-run causal effects of M2/GDP and Private sector credit to GDP on economic growth