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Linkages between Financial Development, Financial Instability, Financial Liberalisation and Economic Growth in Africa

Batuo, Micheal - 2018

In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth has come under increased scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development....

Persistent link: https://www.econbiz.de/10012933539

Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa

Batuo, Michael Enowbi; Mlambo, Kupukile; Asongu, Simplice - In: Research in international business and finance 45 (2018), pp. 168-179

Persistent link: https://www.econbiz.de/10011983223

Does Openness Matter for Financial Development in Africa?

David, Antonio C. - 2014

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...

Persistent link: https://www.econbiz.de/10013050666

Finance and growth : a survey of the theoretical and empirical literature

Eschenbach, Felix - 2004

This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...

Persistent link: https://www.econbiz.de/10011335226

What drives financial development? : a meta-regression analysis

Doucouliagos, Chris; Haan, Jakob de; Sturm, Jan-Egbert - 2020

This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...

Persistent link: https://www.econbiz.de/10012229266

The impact of banks and stock market development on economic growth in South Africa : an ARDL-bounds testing approach

Nyasha, Sheilla; Odhiambo, Nicholas M. - In: Contemporary economics 9 (2015) 1, pp. 93-108

This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa … positive relationship between bank-based financial development and economic growth in South Africa. The results, however, fail … to find any relationship between market-based financial development and economic growth in South Africa. The results …

Persistent link: https://www.econbiz.de/10010520866