Long-term Bank Financing of Productive Investments and Economic Growth in French-speaking African Countries

Wamba Tejio Willi Verlaine Dongho, Gembom Phungeh Dinah and Kamta Marcel Takoulac
Additional contact information
Wamba Tejio Willi Verlaine Dongho: University of Bamenda
Gembom Phungeh Dinah: University of Bamenda
Kamta Marcel Takoulac: University of Bamenda

Business and Economics Research Journal, 2024, vol. 15, issue 1, 19-32

Abstract: This study focuses on the influence of long-term bank financing of investments on economic growth in French-speaking African countries over the period 2004-2022. The empirical evaluation of this link is made through a dynamic panel model and the generalized method of moments. The results indicate that long-term bank financing expressed as a percentage of the total credit offered has a positive and significant impact on economic growth in these countries. In addition, gross domestic savings positively and significantly affect economic growth. It seems essential that the public and monetary authorities implement incentive measures to encourage the more significant collection of savings and encourage banks to boost the supply of long-term loans by the more significant transformation of maturities.

Keywords: Long-Term Bank Financing; Productive Investment; Economic Growth; Generalized Method of Moments (GMM) (search for similar items in EconPapers)
JEL-codes: C51 G21 O47 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.berjournal.com/long-term-bank-financin ... ng-african-countries Full text (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:ris:buecrj:0654

Access Statistics for this article

Business and Economics Research Journal is currently edited by Adem Anbar

More articles in Business and Economics Research Journal from Uludag University, Faculty of Economics and Administrative Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Adem Anbar ().