Financial Stability and Economic Growth in the Cemac Zone: A Panel Cointegration Approach

Vivien Narcisse WABO Nokam and Wilfred KEM Mungong
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Vivien Narcisse WABO Nokam: Faculty of Economics and Management, University of Yaoundé II
Wilfred KEM Mungong: Bank of Central African States (BEAC)

International Journal of Economics and Financial Research, 2023, vol. 9, issue 1, 1-8

Abstract: The objective of this study is to analyze the impact of financial stability on economic growth in the CEMAC zone. Using annual data over the period 2003-2016, the empirical results from the estimation of a cointegrated panel model using FMOLS and DOLS methods indicate that financial stability has a positive effect on economic growth. Moreover, these results reveal that financial depth does not significantly influence economic growth in the area.

Keywords: Financial stability; economic growth; cointegrated panel model; CEMAC. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2023:p:1-8

DOI: 10.32861/ijefr.91.1.8

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