Fanta, Ashenafi Beyene; Makina, Daniel - In: Comparative economic research : Central and Eastern Europe 19 (2016) 3, pp. 147-167
This paper examines the finance growth link of two low-income Sub-Saharan African economies - Ethiopia and Kenya - which have different financial systems but are located in the same region. Unlike previous studies, we account for the role of non-bank financial intermediaries and formally model...