The paper uses data from 12 African countries to examine whether entrepreneurial activity moderates the relationship between financial development and economic growth. Using panel Generalized Method of Moments (GMM) technique, the results show that entrepreneurial activity does not moderate the...

The paper uses data from 12 African countries to examine whether entrepreneurial activity moderates the relationship between financial development and economic growth. Using panel Generalized Method of Moments (GMM) technique, the results show that entrepreneurial activity does not moderate the...

The paper uses the dynamic GMM Model to examine the finance-growth nexus with panel data (1981-2010) from 24 African countries. Evidence suggests that there is a positive relationship between finance and economic growth and that there is a bi-directional causal relationship between finance and...