Since the mid-1980s, a good number of West African countries started experimenting with policies of financial sector reforms with a view to increasing prospects for economic growth. However, the empirical evidence on the relationship between financial reforms and growth is still mixed. This...

The question as to whether stock markets play a significantly positive role in influencing the rate at which economies grow has been seriously debated by economists as well as policymakers. The bone of contention, however, is the fact that the prevailing empirical evidences on the nexus between...