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 investigates the relationship between credit union (CU) financial intermediation and economic growth using seventeen-year data (1995-2011) from 12 CU countries. Using the panel Generalized Method of Moments (GMM) estimation technique, the study finds that there is a statistically...

The paper employs cointegration, Fully-Modified Ordinary Least Squares (FMOLS), error correction and the Generalized Method of Moments (GMM) techniques to investigate the relationship between economic growth and financial development using annual time series data (1971-2010) from Ghana. Three...