{"id":"https://openalex.org/W2167921269","doi":null,"title":"Institutionalisation of derivatives trading and economic growth : evidence from South Africa","display_name":"Institutionalisation of derivatives trading and economic growth : evidence from South Africa","publication_year":2015,"publication_date":"2015-01-01","ids":{"openalex":"https://openalex.org/W2167921269","mag":"2167921269"},"language":"en","primary_location":{"id":"pmh:oai:uir.unisa.ac.za:10500/18202","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10500/18202","pdf_url":"http://hdl.handle.net/10500/18202","source":{"id":"https://openalex.org/S4306400472","display_name":"Unisa Institutional Repository (University of South Africa)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I165390105","host_organization_name":"University of South Africa","host_organization_lineage":["https://openalex.org/I165390105"],"host_organization_lineage_names":[],"type":"repository"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dissertation"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10500/18202","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003020158","display_name":"Audrey Nguema Bekale","orcid":"https://orcid.org/0000-0003-0809-5326","observed_orcids":["https://orcid.org/0000-0003-0809-5326"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Audrey Nguema Bekale","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-0809-5326","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5003020158"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":8,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7621999979019165,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7621999979019165,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.12290000170469284,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.026599999517202377,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/derivatives-trading","display_name":"derivatives trading","score":0.9660000205039978},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9900000095367432},{"id":"https://openalex.org/keywords/output-volatility","display_name":"output volatility","score":0.828000009059906},{"id":"https://openalex.org/keywords/real-gdp-growth","display_name":"real GDP growth","score":0.7549999952316284},{"id":"https://openalex.org/keywords/capital-market-development","display_name":"capital market development","score":0.824999988079071},{"id":"https://openalex.org/keywords/sub-saharan-africa","display_name":"sub-Saharan Africa","score":0.7099999785423279},{"id":"https://openalex.org/keywords/south-africa","display_name":"South Africa","score":0.8659999966621399}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6840152740478516},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6748061776161194},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.6395735740661621},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6080798506736755},{"id":"https://openalex.org/C95727064","wikidata":"https://www.wikidata.org/wiki/Q1934287","display_name":"Derivatives market","level":3,"score":0.5888683199882507},{"id":"https://openalex.org/C49135098","wikidata":"https://www.wikidata.org/wiki/Q1384234","display_name":"Economic expansion","level":2,"score":0.46098312735557556},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.4184873402118683},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.39134690165519714},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3129100203514099},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.22558650374412537},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.13176953792572021},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13035935163497925},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.09898635745048523}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:uir.unisa.ac.za:10500/18202","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10500/18202","pdf_url":"http://hdl.handle.net/10500/18202","source":{"id":"https://openalex.org/S4306400472","display_name":"Unisa Institutional Repository (University of South Africa)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I165390105","host_organization_name":"University of South Africa","host_organization_lineage":["https://openalex.org/I165390105"],"host_organization_lineage_names":[],"type":"repository"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dissertation"},{"id":"pmh:oai:RePEc:rza:wpaper:505","doi":null,"is_oa":false,"landing_page_url":"https://www.econrsa.org/node/1023","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"},{"id":"mag:2167921269","doi":null,"is_oa":false,"landing_page_url":"https://uir.unisa.ac.za/bitstream/10500/18202/1/Bekale_A.N.-pdf..PDF","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"pmh:oai:uir.unisa.ac.za:10500/18202","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10500/18202","pdf_url":"http://hdl.handle.net/10500/18202","source":{"id":"https://openalex.org/S4306400472","display_name":"Unisa Institutional Repository (University of South Africa)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I165390105","host_organization_name":"University of South Africa","host_organization_lineage":["https://openalex.org/I165390105"],"host_organization_lineage_names":[],"type":"repository"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dissertation"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.9211000204086304}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2167921269.pdf","grobid_xml":"https://content.openalex.org/works/W2167921269.grobid-xml"},"referenced_works_count":148,"referenced_works":["https://openalex.org/W30091540","https://openalex.org/W110315216","https://openalex.org/W196268190","https://openalex.org/W331509384","https://openalex.org/W432349697","https://openalex.org/W580383447","https://openalex.org/W582418062","https://openalex.org/W585024747","https://openalex.org/W601360143","https://openalex.org/W615397626","https://openalex.org/W754196157","https://openalex.org/W757259647","https://openalex.org/W806586266","https://openalex.org/W815806326","https://openalex.org/W1480460460","https://openalex.org/W1480934910","https://openalex.org/W1488896027","https://openalex.org/W1492362433","https://openalex.org/W1496447382","https://openalex.org/W1498471215","https://openalex.org/W1498894048","https://openalex.org/W1504998075","https://openalex.org/W1527426103","https://openalex.org/W1531036285","https://openalex.org/W1541884523","https://openalex.org/W1547372298","https://openalex.org/W1549334411","https://openalex.org/W1551510395","https://openalex.org/W1552357785","https://openalex.org/W1555712343","https://openalex.org/W1566672184","https://openalex.org/W1566936078","https://openalex.org/W1567666546","https://openalex.org/W1568999656","https://openalex.org/W1571438983","https://openalex.org/W1571456909","https://openalex.org/W1574841050","https://openalex.org/W1582080441","https://openalex.org/W1585169518","https://openalex.org/W1588796521","https://openalex.org/W1600361065","https://openalex.org/W1601526042","https://openalex.org/W1809498180","https://openalex.org/W1834599776","https://openalex.org/W1840218356","https://openalex.org/W1858957058","https://openalex.org/W1903208019","https://openalex.org/W1947554007","https://openalex.org/W1957260590","https://openalex.org/W1966910378","https://openalex.org/W1970053784","https://openalex.org/W1972068053","https://openalex.org/W1974224702","https://openalex.org/W1982776654","https://openalex.org/W1984200642","https://openalex.org/W1984524168","https://openalex.org/W1985510468","https://openalex.org/W1993536800","https://openalex.org/W1993622537","https://openalex.org/W1996006051","https://openalex.org/W2006914296","https://openalex.org/W2008897500","https://openalex.org/W2014267527","https://openalex.org/W2016772714","https://openalex.org/W2024330008","https://openalex.org/W2026378834","https://openalex.org/W2041937721","https://openalex.org/W2051438039","https://openalex.org/W2053241257","https://openalex.org/W2053504955","https://openalex.org/W2054147070","https://openalex.org/W2055216029","https://openalex.org/W2055686677","https://openalex.org/W2057080978","https://openalex.org/W2058497555","https://openalex.org/W2060203556","https://openalex.org/W2064268157","https://openalex.org/W2069042508","https://openalex.org/W2070105375","https://openalex.org/W2070220230","https://openalex.org/W2072872972","https://openalex.org/W2075825177","https://openalex.org/W2077358653","https://openalex.org/W2083665595","https://openalex.org/W2093030468","https://openalex.org/W2096502714","https://openalex.org/W2096874528","https://openalex.org/W2098458728","https://openalex.org/W2099203057","https://openalex.org/W2102289276","https://openalex.org/W2102897370","https://openalex.org/W2104963047","https://openalex.org/W2106069978","https://openalex.org/W2113010572","https://openalex.org/W2113844427","https://openalex.org/W2115813012","https://openalex.org/W2120000601","https://openalex.org/W2120493427","https://openalex.org/W2129129802","https://openalex.org/W2135578311","https://openalex.org/W2139527939","https://openalex.org/W2142317302","https://openalex.org/W2145688713","https://openalex.org/W2145978621","https://openalex.org/W2149357468","https://openalex.org/W2153955417","https://openalex.org/W2155158831","https://openalex.org/W2155455221","https://openalex.org/W2155573686","https://openalex.org/W2158725917","https://openalex.org/W2162332441","https://openalex.org/W2164892082","https://openalex.org/W2170007391","https://openalex.org/W2170068690","https://openalex.org/W2183012913","https://openalex.org/W2184385768","https://openalex.org/W2186315749","https://openalex.org/W2186919890","https://openalex.org/W2187156275","https://openalex.org/W2221652491","https://openalex.org/W2245161785","https://openalex.org/W2283357784","https://openalex.org/W2343243323","https://openalex.org/W2344530867","https://openalex.org/W2403675899","https://openalex.org/W2462830067","https://openalex.org/W2470392971","https://openalex.org/W2485596985","https://openalex.org/W2500114337","https://openalex.org/W2501488060","https://openalex.org/W2602347000","https://openalex.org/W2607806786","https://openalex.org/W2735885101","https://openalex.org/W2769046255","https://openalex.org/W3020896505","https://openalex.org/W3021102750","https://openalex.org/W3115724483","https://openalex.org/W3121293712","https://openalex.org/W3121324566","https://openalex.org/W3121910778","https://openalex.org/W3122216969","https://openalex.org/W3122790390","https://openalex.org/W3123507369","https://openalex.org/W3125571899","https://openalex.org/W3147154728","https://openalex.org/W3147181238","https://openalex.org/W3151912058","https://openalex.org/W7096625403"],"related_works":["https://openalex.org/W2583121139","https://openalex.org/W3006352249","https://openalex.org/W4404462638","https://openalex.org/W3132131677","https://openalex.org/W2221652491","https://openalex.org/W4226197125","https://openalex.org/W2805945513","https://openalex.org/W3128956909","https://openalex.org/W2016772714","https://openalex.org/W7009013039"],"abstract_inverted_index":{"Given":[0],"ongoing":[1],"advocacy":[2],"for":[3,18,59,83,90],"the":[4,27,33,50,65,69,80,95,105,133,138],"institutionalisation":[5],"of":[6,29,35,64,72,137,141],"derivatives":[7,30,55,86,107,142],"trading":[8,31,143],"in":[9,46],"sub-":[10],"\\nSaharan":[11],"Africa":[12],"(SSA)":[13],"as":[14],"a":[15,101,118],"convenient":[16],"way":[17],"enhancing":[19],"regional":[20],"countries\u2019":[21],"growth":[22,42,44,127,145],"\\nprospects,":[23],"this":[24],"study":[25,66,134],"examines":[26],"impact":[28,53],"on":[32,76,144],"economy":[34],"\\nSouth":[36],"Africa,":[37],"with":[38],"reference":[39],"to":[40,48,125],"output":[41],"and":[43,109],"volatility,":[45],"order":[47],"\\nillustrate":[49],"likely":[51],"developmental":[52],"that":[54],"markets":[56],"could":[57,98,128],"ensue":[58],"\\nSSA":[60],"countries.":[61],"The":[62],"literature":[63],"essentially":[67],"explores":[68],"possible":[70],"ways":[71],"\\nderivatives":[73],"markets\u2019":[74],"influence":[75],"economic":[77],"growth,":[78],"alongside":[79],"infrastructural":[81],"\\nrequirements":[82],"ensuring":[84],"well-functioning":[85],"markets.":[87],"While":[88],"accounting":[89],"\\nimplied":[91],"capital":[92],"market":[93],"development,":[94],"GMM":[96],"estimation":[97],"not":[99,129],"evidence":[100],"\\nsignificant":[102],"relationship":[103,120],"between":[104],"existing":[106],"exchange":[108],"real":[110],"GDP":[111,126],"\\ngrowth":[112],"using":[113],"South":[114],"Africa\u2019s":[115],"data.":[116],"Similarly,":[117],"causal":[119],"from":[121],"SAFEX\u2019s":[122],"\\ntrading":[123],"volumes":[124],"be":[130],"inferred.":[131],"However,":[132],"shows":[135],"\\nevidence":[136],"reducing":[139],"effect":[140],"volatility.":[146]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}