Finance and Growth in Africa: The Broken Link
Panicos Demetriades () and
Gregory James ()
No 11/17, Discussion Papers in Economics from Division of Economics, School of Business, University of Leicester
Utilizing the latest panel cointegration methods we provide new empirical evidence from 18 countries that suggests that the link between finance and growth in Sub-Saharan Africa is ‘broken’. Specifically, our findings suggest that banking system development in this region follows economic growth. They also indicate that there is no link between bank credit and economic growth.
Keywords: Panel cointegration; cross-sectional dependence; African financial under-development; African credit markets (search for similar items in EconPapers)
JEL-codes: G21 O16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-ban, nep-dev, nep-fdg and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24) Track citations by RSS feed
Downloads: (external link)
Journal Article: Finance and growth in Africa: The broken link (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:lec:leecon:11/17
Ordering information: This working paper can be ordered from
https://www2.le.ac.u ... -1/discussion-papers
Access Statistics for this paper
More papers in Discussion Papers in Economics from Division of Economics, School of Business, University of Leicester School of Business, University of Leicester, University Road. Leicester. LE1 7RH. UK Provider-Homepage: https://le.ac.uk/school-of-business. Contact information at EDIRC.
Bibliographic data for series maintained by Abbie Sleath ().