Purpose – The economic growth performance of Sub Saharan Africa (SSA) over the past few decades has confounded economists. The paper examines the nature and causes of the region's marginalisation. Design/methodology/approach – Analyses areas of marginalisation including: technologically,...

Purpose – The purpose of this paper is to use the recent development in unit root tests and cointegration as applied to panel data and dynamic time series, to estimate the relationship between financial liberalization, financial development and growth. Design/methodology/approach – The paper...

Innovations in the financial sector play a critical role in promoting economic growth. Studies that have sought to investigate this linkage in sub-Saharan Africa have produced mixed results. None of the existing studies have attempted to examine the possible mediating role of financial inclusion...

Purpose – This paper aims to use the newly developed panel data cointegration analysis and the dynamic time series modeling approach to examine the linkages between financial structure (market-based vs bank-based) and economic growth in African economies. Design/methodology/approach – The...