EconPapers    
Economics at your fingertips  
 

Integration of financial markets, financial development and growth: Is Africa different?

Abdullahi Ahmed

Journal of International Financial Markets, Institutions and Money, 2016, vol. 42, issue C, 43-59

Abstract: This study uses a dynamic system GMM model and panel data of 30 Sub-Saharan African (SSA) countries from 1976 to 2010 to investigate the impact of international financial integration (IFI) on economic performance. While also examining both the direct and indirect channels through which the effect of financial integration works, our research considers the tripartite relationship between financial openness, financial market development and economic growth. We test the simultaneous openness hypothesis of Rajan and Zingales and examine joint influence of both capital and trade openness on financial development in the region.

Keywords: Financial integration; Financial market development; Economic growth; SSA countries (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1042443116000135
Full text for ScienceDirect subscribers only

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:eee:intfin:v:42:y:2016:i:c:p:43-59

DOI: 10.1016/j.intfin.2016.01.003

Access Statistics for this article

Journal of International Financial Markets, Institutions and Money is currently edited by I. Mathur and C. J. Neely

More articles in Journal of International Financial Markets, Institutions and Money from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-07-08
Handle: RePEc:eee:intfin:v:42:y:2016:i:c:p:43-59