Testing classical and neo-classical models on banks in Africa

Jacob Tche

African Journal of Economic and Sustainable Development, 2024, vol. 9, issue 4, 391-409

Abstract: In the present paper, we aim at filling the gap created by the few and conflicting econometric works on classical and neo-classical theoretical models on banks in Africa. Based on the case of banks and economic growth in 33 Sub-Sahara African countries for the 1990-2021 periods, we employ the Granger causality tests in heterogeneous panels developed by Juodis et al. (2021), the fixed effect ordinary least squares method, the mean group method and the generalised method of moments to conclude that, in the short and long runs, there was no evidence supporting the classical and neo-classical models on banks suggesting that banks development precedes economic growth.

Keywords: classical; neo-classical; banks; investment; growth; Africa. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ajesde:v:9:y:2024:i:4:p:391-409

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