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Persistent link: https://www.econbiz.de/10014391778
remittances are not statistically significant in promoting inclusive growth in Africa. Notably, across the economic growth and …, they deepen the latter. Second, we find that Africa's underdeveloped financial sector dampens the marginal positive effect … with complementary policies to foster inclusive growth in Africa, a minimum threshold of 14.5% is required. We conclude by …
Persistent link: https://www.econbiz.de/10014265891
separately enhance Africa's economic complexity across quantiles. In contrast, institutional quality drains financial development …-tech infrastructure, and entrepreneurial innovation. As a result, Africa's institutional quality impairs the financial sector's ability to … financial development-economic complexity nexus in Africa using estimators that account for cross-sectional dependence …
Persistent link: https://www.econbiz.de/10014518482
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Although the impact of financial development on renewable energy consumption has been extensively examined in recent years, the study regarding the moderation of governance quality on the financial development on renewable energy consumption nexus is sparse. By filling the gap in the energy...
Persistent link: https://www.econbiz.de/10015057637
This study investigates empirically the role of financial development on economic growth in Tanzania. Unlike many previous studies, the study uses three proxies of financial development against real GDP per capita (a proxy for economic growth). Using the Johansen-Juselius cointegration method...
Persistent link: https://www.econbiz.de/10008503550
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This paper examines the causal relationship between financial development and economic growth for 21 African countries within a framework which also accounts for international trade. We develop a financial development index based on four different financial development indicators and apply the...
Persistent link: https://www.econbiz.de/10010744020
in Africa over the period 1980–2009. It uses a panel econometrics framework and the main findings of the study are as … follows: (1) Remittances appear to be an important source of growth for these countries in Africa during the period under … study. (2) Volatility of remittances appears to have a negative effect on the growth of countries in Africa. (3) Remittances …
Persistent link: https://www.econbiz.de/10010578058
In the aftermath of the recent global financial crisis, the implication of financial liberalisation for stability and economic growth has come under increasing scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development....
Persistent link: https://www.econbiz.de/10011113590