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empirical evidence is premised on 11 homogenous panels based on regions (sub-Saharan and North Africa), income-levels (Low …-Saharan Africa reveals conditional convergence in relation to per capita number of listed companies. The speed of convergence for the …
Persistent link: https://www.econbiz.de/10011410266
In this study, we examine the benefits of financial integrations in four of Africa regional trade blocs: COMESA, ECCAS …, CEN-SAD and ECOWAS. We regress de-jure and de-facto indices of financial integration on growth outcome using the dynamic …-SAD, we found that foreign liabilities as a percentage of GDP hurts growth. In ECCAS, growth-financial integration …
Persistent link: https://www.econbiz.de/10012603077
The present inquiry contributes to extant literature by simultaneously accounting for variations in financial development and financial globalisation in the assessment of hypothetical initial financial development conditions for the rewards of financial globalisation. For this purpose, we...
Persistent link: https://www.econbiz.de/10011651148
This paper assesses the effect of political institutions on stock market performance in 14 African countries for which stock market data is available for the period 1990-2010. The estimation technique used is a Two-Stage-Least Squares Instrumental Variable methodology. Political regime channels...
Persistent link: https://www.econbiz.de/10011487052
Purpose - This paper assesses the incidence of political institutions on stock market performance dynamics in Africa … policy recommendation, the role of sound political institutions is crucial for financial development in Africa. Democracies …
Persistent link: https://www.econbiz.de/10011410317
How do government policies and institutions affect stock market performance? As stock markets grow broader and deeper in African countries, the question becomes more critical. Government quality dynamics of corruption-control, government-effectiveness, political-stability or no violence, voice &...
Persistent link: https://www.econbiz.de/10011410336
Purpose - The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...
Persistent link: https://www.econbiz.de/10011410250
development in Africa using time-dynamic measurements of financial globalisation uncertainty and all dimensions identified by the …
Persistent link: https://www.econbiz.de/10011410631
-2017. The results from panel cointegration econometric techniques suggest that policies to enhance financial integration should … the long run. This effect holds, although disproportionately when the financial integration index is disaggregated into … integration on renewable energy capacity is positive but heterogeneous across the conditional distribution of renewable energy …
Persistent link: https://www.econbiz.de/10012817796
foreign exchange markets suffered from contagion, stock markets of Taiwan, Bahrain, Saudi Arabia and South Africa witnessed a …
Persistent link: https://www.econbiz.de/10011410521