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This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa during the period from 1980 to 2012. Unlike some previous studies, the current study employs means-removed average to construct both bank- and market-based financial development...
Persistent link: https://www.econbiz.de/10010520866
concentrate on pro-banking sector policies, at least in the short run, to stimulate growth. …
Persistent link: https://www.econbiz.de/10011515870
, recommends that policies in Mauritius should focus mainly on promoting and strengthening banking sector and stock market …
Persistent link: https://www.econbiz.de/10011922312
Purpose - This study investigates the role of financial access in moderating the effect of governance on insurance … insurance indicators are used, notably: life insurance and non-life insurance. Six governance measurements are also used, namely … established from the GMM. First, financial access promotes life insurance through channels of political stability, "voice …
Persistent link: https://www.econbiz.de/10012052983
This paper examines the relationship between financial sector reforms and sustainable economic growth in Ghana. Employing the autoregressive distributed lag (ARDL) bounds testing approach and using GDP per capita as a growth indicator, this paper establishes a long-run relationship between...
Persistent link: https://www.econbiz.de/10011306016
Persistent link: https://www.econbiz.de/10012620891
Persistent link: https://www.econbiz.de/10013198855
This paper surveys the existing literature on the relationship between inflation and economic growth in developed and developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on economic growth varies from country to country and...
Persistent link: https://www.econbiz.de/10011875376
special role of financial liberalization and banking crises on economic growth in SSA. The linear generalized method of … also show that there is a negative relationship between a banking crisis and economic growth, showing that the period of a … banking crisis can drastically affect economic growth in sub-Saharan Africa. Considering the crucial role played by most …
Persistent link: https://www.econbiz.de/10011882480
This article examines the causal relationship between foreign aid, poverty, and economic growth in 82 developing countries for the period 1981–2013. Taking advantage of the recently developed dynamic panel data estimation techniques, the paper tests for both panel unit roots and cointegration...
Persistent link: https://www.econbiz.de/10012149196