This paper investigates the impact of financial development on economic growth in the West African Monetary Zone (WAMZ) from 1990 through 2015 using a Heterogeneous Panel Data Approach. The study made use of Two (2) financial indicators: liquid liabilities of the financial system as a percent of...

This study looks at the determinants of profitability in the GCC banking system over the period 1999 to 2012. Variables which are bank specific, financial sector specific and macroeconomic are used as explanatory variables in the balanced panel regressions. Among the bank-specific variables,...

Using annual panel data of 126 developing countries over the period from 1970 to 2016, this study investigates effects of remitted funds' volatility and consumption on financial development. Our results, after controlling for endogeneity, document a significant adverse impact of remittances'...

This paper evaluates the dynamic causal relationship between financial development, savings, investment and economic growth in Botswana from 1976-2014 by employing a multivariate causality model. Results reveal that it is chiefly investment that drives the bank-related and stock exchange-based...

Our paper uses a novel methodology to reexamine the relationship between financial development and economic growth in the era of sustainable development. Our empirical procedure deals with both functional-form misspecification bias as well as bias from endogenous regressors. It also provides an...