Fanta, Ashenafi Beyene; Makina, Daniel - In: Comparative Economic Research. Central and Eastern Europe 19 (2016) 3, pp. 147-167
This paper examines the finance growth link of two low-income Sub-Saharan African economies - Ethiopia and Kenya … explains economic growth in Kenya. For Ethiopia, which has no stock market, intermediary development is found to be driven by … economic growth. Three important inferences can be made from these findings. First, the often reported positive link between …
