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This paper investigates the contribution of financial development for African countries' participation in global value chains (GVCs). It relies on a review of the theoretical and empirical literature that can shed light on the mechanisms whereby financial development affects value-added trade. A...
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source for financing development in Africa. Thus, for any developing country to have a sustainable development it must …
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patterns in Africa. The Instrumental Variable Two Stage Least Squares (IV-2SLS) estimation technique is adopted for a panel of … capital are development enhancing in Africa while external financial inflows are detrimental to economic development. In …
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, collapsed instruments and illus-trate marginal effects of central bank independence on financial development in Africa. We also …
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