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Finance and growth in Africa: The broken link

Panicos Demetriades () and Gregory James ()

Economics Letters, 2011, vol. 113, issue 3, 263-265

Abstract: While bank liabilities in Sub-Saharan Africa are found to follow (but not lead) economic growth, the link between bank credit and growth is altogether absent.

Keywords: Panel cointegration; Cross-sectional dependence; African financial under-development (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1016/j.econlet.2011.08.007

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