Infrastructures institutionnelles et développement financier en zone CEMAC

Institutional infrastructures and financial development in zone CEMAC

Mathieu Juliot Mpabe Bodjongo

MPRA Paper from University Library of Munich, Germany

Abstract: This dissertation proposes to evaluate the impact of institutional development on the financial development in the Central Africa Economic and Monetary Community (CAEMC).An econometric and statistical approach is used in order to realise this objective. According to the methodology suggested by Demirguc-Kunt & Levine (1996) and by Chouchane Verdier (2004), the statistical approach makes it possible to build the financial development indice of the countries of the mentioned zone. This statistical approach reveals the delay by these countries in term of financial development compared to other countries. Following the methodology proposed by Demetriades & Luintel (1996)and by Ito (2005), the econometric approach, with the aid of sargan test and the Arrelano & Bond (1991)test on our dynamic panel data, highlights the negative impact of the weakness of the level of institutional development on the financial development.It can explain why financial liberalization is only slightly beneficial with the financial development.

Keywords: Libéralisation financière; développement financier; développement institutionnel; CEMAC; données de panels dynamiques (search for similar items in EconPapers)
JEL-codes: C33 E0 G0 N2 P51 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-afr and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/37824/1/MPRA_paper_37824.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37824

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().