Akinlo, Anthony Enisan; Egbetunde, Tajudeen - In: The Review of Finance and Banking 02 (2010) 1, pp. 017-028
The paper examines the long run and causal relationship between financial development and economic growth for ten countries in sub-Saharan Africa. Using the vector error correction model (VECM), the study finds that financial development is cointegrated with economic growth in the selected ten...