DemetriadesJames2011.pdf (882.97 kB)
Finance and growth in Africa: the broken link
journal contribution
posted on 2014-07-25, 10:47 authored by Panicos Demetriades, Gregory JamesUtilizing the latest panel cointegration methods
we provide new empirical evidence from 18 countries that
suggests that the link between finance and growth in Sub-
Saharan Africa is ‘broken’. Specifically, our findings show that
banking system development in this region follows economic
growth. They also indicate that there is no link between bank
credit and economic growth.
Funding
[The authors] acknowledge financial support from the ESRC (Award reference RES-000- 22-2774).
History
School
- Business and Economics
Department
- Economics
Published in
ECONOMICS LETTERSVolume
113Issue
3Pages
263 - 265Citation
DEMETRIADES, P. and JAMES, G., 2011. Finance and growth in Africa: the broken link. Economics Letters, 113 (3), pp. 263-265.Publisher
© Elsevier B.V.Version
- AM (Accepted Manuscript)
Publication date
2011Notes
NOTICE: this is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 2011, 113 (3), URL: http://dx.doi.org/10.1016/j.econlet.2011.08.007.ISSN
0165-1765Publisher version
Language
- en