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This study analyses the growth effects of financial market instruments in Ghana between 1991 and 2017. We use the ARDL … growth in Ghana. We recommend that the bank of Ghana should consider lowering the bank rate further from the current annual …
Persistent link: https://www.econbiz.de/10012389145
This paper examines the relationship between financial sector reforms and sustainable economic growth in Ghana … insignificant impact on economic growth in Ghana. This supports numerous past studies that have reported mixed or inconclusive … financial sector policy reforms, affects economic growth in Ghana. This paper therefore recommends an increase and modernization …
Persistent link: https://www.econbiz.de/10011306016
annual time series data (1971-2010) from Ghana. Three measures of financial development are used: domestic credit as a share … data suggests that financial development undermines economic growth in Ghana. The paper, therefore, cautions against … financial liberalization in Ghana …
Persistent link: https://www.econbiz.de/10013063972
This paper examines the effect of financial system development on oil-dominant economy of Nigeria using Zivot-Andrews unit root test and Autoregressive Distributed Lag (ARDL) model over the period 1981 to 2015. The motivation of this paper is that the study distinguished the impact of financial...
Persistent link: https://www.econbiz.de/10013179543
This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in the West African region. It also determines the marginal effects of financial development on economic growth at various levels of the real exchange rates and its volatility. The...
Persistent link: https://www.econbiz.de/10012020497
How countercyclical macroprudential credit policies affect the loan spread? To answer this question, we propose a microeconomic model of bank competition that contemplates differences in the behavior of public and private banks and the peculiarities of the market for corporate loans vis-a-vis...
Persistent link: https://www.econbiz.de/10011900116
This study attempted to quantify the relationship between international trade and overall economic performance in Nigeria. Specifically, this study examined the correlation between economic growth and each of export performance and import penetration, as well as the effect of export performance,...
Persistent link: https://www.econbiz.de/10011165625
This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on IMF’s multidimensional index of financial development, we find that CCA countries have made...
Persistent link: https://www.econbiz.de/10014030320
Using municipal cities during China’s reform era as the setting, we investigate how different aspects of financial development affect resource misallocation in an integrated framework. Using different identification strategies, we find that local government-driven finance exacerbates the...
Persistent link: https://www.econbiz.de/10013406501
How remittances contribute to the economies of remittance-receiving developing countries is a global issue. Considering Nepal as a highly remittance-receiving country, this paper primarily examines the impact of remittances on economic growth using annual time series data from 1980 to 2021. The...
Persistent link: https://www.econbiz.de/10015070431