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Zambia’s economic history has, to some extent, been greatly influenced by the early 1970s energy oil crisis precipitated by the steep adjustment of the international oil prices following the Arab-Israeli war of 1972. Globally, energy is arguably one of the major determinants of economic growth....

The aim of this study was to investigate the causal relationship among financial development, trade openness, and economic growth in Zambia from 1965 to 2011. To fully understand this relationship, two measures of financial development were used: broad money and domestic credit to the private...