Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire
In this study, we revisit the finance-growth nexus in Côte d’Ivoire using annual data over the period 1962-2020. We utilize the novel frequency domain causality test to identify the direction of the causality at different frequencies. The results vary depending on the financial development indicator...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2023-06-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1668.pdf
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| _version_ | 1797794134496378880 |
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| author | Brou Emmanuel AKA Yao Silvère KONAN |
| author_facet | Brou Emmanuel AKA Yao Silvère KONAN |
| author_sort | Brou Emmanuel AKA |
| collection | DOAJ |
| description | In this study, we revisit the finance-growth nexus in Côte d’Ivoire using annual data over
the period 1962-2020. We utilize the novel frequency domain causality test to identify the direction
of the causality at different frequencies. The results vary depending on the financial development
indicator and the time horizon. First, there is evidence of insignificant causality relationship
between broad money and real GDP per capita. Second, there is evidence of unidirectional causality
running from real GDP per capita to both domestic credit to private sectors ratios, only for low
frequencies, suggesting a permanent or long-run effect. |
| first_indexed | 2024-03-13T02:58:24Z |
| format | Article |
| id | doaj.art-362ee2d066eb4361a1b51e60d7cf35bb |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-03-13T02:58:24Z |
| publishDate | 2023-06-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-362ee2d066eb4361a1b51e60d7cf35bb2023-06-27T21:08:24ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292023-06-01XXX216318218418678Frequency domain causality analysis of financial development and economic growth in Côte d’IvoireBrou Emmanuel AKA0Yao Silvère KONAN1 Félix Houphouët-Boigny University, Abidjan, Côte d’Ivoire Félix Houphouët-Boigny University, Abidjan, Côte d’Ivoire In this study, we revisit the finance-growth nexus in Côte d’Ivoire using annual data over the period 1962-2020. We utilize the novel frequency domain causality test to identify the direction of the causality at different frequencies. The results vary depending on the financial development indicator and the time horizon. First, there is evidence of insignificant causality relationship between broad money and real GDP per capita. Second, there is evidence of unidirectional causality running from real GDP per capita to both domestic credit to private sectors ratios, only for low frequencies, suggesting a permanent or long-run effect. http://store.ectap.ro/articole/1668.pdf financial developmenteconomic growthfrequency domain causality testcôte d’ivoire |
| spellingShingle | Brou Emmanuel AKA Yao Silvère KONAN Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire Theoretical and Applied Economics financial development economic growth frequency domain causality test côte d’ivoire |
| title | Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire |
| title_full | Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire |
| title_fullStr | Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire |
| title_full_unstemmed | Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire |
| title_short | Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire |
| title_sort | frequency domain causality analysis of financial development and economic growth in cote d ivoire |
| topic | financial development economic growth frequency domain causality test côte d’ivoire |
| url |
http://store.ectap.ro/articole/1668.pdf
|
| work_keys_str_mv | AT brouemmanuelaka frequencydomaincausalityanalysisoffinancialdevelopmentandeconomicgrowthincotedivoire AT yaosilverekonan frequencydomaincausalityanalysisoffinancialdevelopmentandeconomicgrowthincotedivoire |