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This chapter complements exiting African liberalization literature by providing fresh patterns of two main areas. First, it assesses whether African banking institutions have benefited from liberalization policies in terms of bank returns. Second, it models bank return and return uncertainty in...
Persistent link: https://www.econbiz.de/10010862083
financial efficiency in Africa. It uses updated data to appraise second generation reforms in order to gather fresh evidence and …
Persistent link: https://www.econbiz.de/10010693287
Despite over three decades of Liberalisation policies in Africa, income-inequality has stayed persistently high. Using …
Persistent link: https://www.econbiz.de/10010695992
Are formal institutions instrumental in the effect globalization mechanisms have on the human face? If so, through which freedoms channels are poverty and inequality mitigated? With the instrumentality of formal institutions: (1) de jure financial liberalization (KAOPEN) has a positive...
Persistent link: https://www.econbiz.de/10010695997
indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … homogenous panels based on regions (Sub-Saharan and North Africa), income-levels (low, middle, lower-middle and upper …
Persistent link: https://www.econbiz.de/10010695998
services on growth. Causality analysis is performed with seven financial development and three growth indicators in the …
Persistent link: https://www.econbiz.de/10010696005
This paper cuts adrift the mainstream approach to the legal-origins debate on the law-growth nexus by integrating both … growth and human development beyond the mechanisms of law. Our results support the current consensus that, English common …-law countries provide for better legal systems that improve conditions for economic growth and human development than French civil …
Persistent link: https://www.econbiz.de/10010862076
Purpose – This paper examines whether initial levels in GDP growth, GDP per capita growth and inequality adjusted human … are necessary for the effectiveness of foreign aid in Africa. Design/methodology/approach – The panel quantile regression … distribution. This implies high-growth countries are more likely to benefit from development assistance (in terms of general …
Persistent link: https://www.econbiz.de/10010862077
We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...
Persistent link: https://www.econbiz.de/10010862079
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit (financial activity) and efficiency. Three main findings are established. (1) There are significant long-run relationships between inflation and the fundamentals. (2) The error...
Persistent link: https://www.econbiz.de/10010862080