Effects of financial liberalization on financial market development and economic performance of the SSA region: An empirical assessment
Economic Modelling, 2013, vol. 30, issue C, 261-273
This study investigates the role of financial liberalization in promoting financial deepening and economic growth in Sub-Saharan African countries (SSA). We apply the more efficient system GMM estimator in dynamic panel data that combines first difference and original level specification to deal with the problems of weak instruments. Our dataset covers 21 countries in Sub-Saharan Africa over the period of 1981–2009.
Keywords: Financial liberalization; Financial market development; Economic performance; SSA countries (search for similar items in EconPapers)
JEL-codes: E44 F36 E44 G18 G15 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:30:y:2013:i:c:p:261-273
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