Menyah, Kojo; Nazlioglu, Saban; Wolde-Rufael, Yemane - In: Economic Modelling 37 (2014) C, pp. 386-394
This paper examines the causal relationship between financial development and economic growth for 21 African countries within a framework which also accounts for international trade. We develop a financial development index based on four different financial development indicators and apply the...