Financial Sector Reforms and Human Development in Cameroon

Neba Cletus Yah and Beatrice Desiree Simo-Kengne ()

The African Finance Journal, 2018, vol. 20, issue 1, 66-88

Abstract: This paper investigates whether financial liberalisation improves the role of the financial sector in enhancing human development in Cameroon. Use is made of the ARDL cointegration and causality techniques to analyse annual data for the period from 1973 to 2013. Empirical findings indicate that financial liberalisation promotes financial development which enhances human development in the long run in Cameroon. Interestingly, a negative relationship is reported between economic growth and human development; suggesting the existence of a poor system of income redistribution in the country which is not conducive to inclusive development. This suggests that complementary reform policies in the redistributive system of the country are needed to fully unpack the potential of the financial sector in enhancing human development in Cameroon.

Keywords: Financial development; financial liberalisation; human development; economic growth (search for similar items in EconPapers)
JEL-codes: E31 O15 O16 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.journals.co.za/ej/ejour_finj.html (text/html)

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:afj:journl:v:20:y:2018:i:1:p:66-88

Access Statistics for this article

More articles in The African Finance Journal from Africagrowth Institute Contact information at EDIRC.
Bibliographic data for series maintained by Kirk De Doncker ().