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Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are therefore a stimulant of economic growth. There is evidence that countries with high savings rates tend to grow faster. Although most sub-Saharan Africa countries recognize the...
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This study analyzes the interactive effects of migrant remittances and financial development on savings-investment gap … remittances reduce savings-investment gap in the long run. The gap is further reduced when the individual effect of financial … higher private sector credit widened the savings-investment gap only in the short-run. The study suggests the need for a …
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