Does finance causes economic growth in Africa?

Citation

Yusuf, Salama and Habibullah, Muzafar Shah and Mohamed, Azali and Lee, Chin (2012) Does finance causes economic growth in Africa? In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 186-194).

Abstract

The paper examines the causal relationship between financial sector development and economic growth in34 African countries. Using the Panel Autoregressive Distributed Lag (PARDL) framework in line with Pesaran et al. (1999), the Pooled Mean Group (PMG) shows that there is the existence of a relationship between the financial sector and economic growth in Africa. There also exist bidirectional causality between financial sector development and economic growth. Thus implementation of policies to improve financial sector definitely going to have an impact on economic growth in the long run.

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Additional Metadata

Item Type:	Conference or Workshop Item (Paper)
Divisions:	Faculty of Economics and Management
Publisher:	Faculty of Economics and Management, Universiti Putra Malaysia
Keywords:	Panel autoregressive distributed lag; Financial sector development; Economic growth
Depositing User:	Nabilah Mustapa
Date Deposited:	03 Apr 2017 06:00
Last Modified:	03 Apr 2017 06:00
URI:	http://psasir.upm.edu.my/id/eprint/51232
Statistic Details:	View Download Statistic

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