Does finance causes economic growth in Africa?
The paper examines the causal relationship between financial sector development and economic growth in34 African countries. Using the Panel Autoregressive Distributed Lag (PARDL) framework in line with Pesaran et al. (1999), the Pooled Mean Group (PMG) shows that there is the existence of a relation...
| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/51232/1/12-6.pdf |
| _version_ | 1825930489716801536 |
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| author | Yusuf, Salama Habibullah, Muzafar Shah Mohamed, Azali Lee, Chin |
| author_facet | Yusuf, Salama Habibullah, Muzafar Shah Mohamed, Azali Lee, Chin |
| author_sort | Yusuf, Salama |
| collection | UPM |
| description | The paper examines the causal relationship between financial sector development and economic growth in34 African countries. Using the Panel Autoregressive Distributed Lag (PARDL) framework in line with Pesaran et al. (1999), the Pooled Mean Group (PMG) shows that there is the existence of a relationship between the financial sector and economic growth in Africa. There also exist bidirectional causality between financial sector development and economic growth. Thus implementation of policies to improve financial sector definitely going to have an impact on economic growth in the long run. |
| first_indexed | 2024-03-06T09:12:19Z |
| format | Conference or Workshop Item |
| id | upm.eprints-51232 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:12:19Z |
| publishDate | 2012 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-512322017-04-03T06:00:42Z http://psasir.upm.edu.my/id/eprint/51232/ Does finance causes economic growth in Africa? Yusuf, Salama Habibullah, Muzafar Shah Mohamed, Azali Lee, Chin The paper examines the causal relationship between financial sector development and economic growth in34 African countries. Using the Panel Autoregressive Distributed Lag (PARDL) framework in line with Pesaran et al. (1999), the Pooled Mean Group (PMG) shows that there is the existence of a relationship between the financial sector and economic growth in Africa. There also exist bidirectional causality between financial sector development and economic growth. Thus implementation of policies to improve financial sector definitely going to have an impact on economic growth in the long run. Faculty of Economics and Management, Universiti Putra Malaysia 2012 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51232/1/12-6.pdf Yusuf, Salama and Habibullah, Muzafar Shah and Mohamed, Azali and Lee, Chin (2012) Does finance causes economic growth in Africa? In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 186-194). |
| spellingShingle | Yusuf, Salama Habibullah, Muzafar Shah Mohamed, Azali Lee, Chin Does finance causes economic growth in Africa? |
| title | Does finance causes economic growth in Africa? |
| title_full | Does finance causes economic growth in Africa? |
| title_fullStr | Does finance causes economic growth in Africa? |
| title_full_unstemmed | Does finance causes economic growth in Africa? |
| title_short | Does finance causes economic growth in Africa? |
| title_sort | does finance causes economic growth in africa |
| url | http://psasir.upm.edu.my/id/eprint/51232/1/12-6.pdf |
| work_keys_str_mv | AT yusufsalama doesfinancecauseseconomicgrowthinafrica AT habibullahmuzafarshah doesfinancecauseseconomicgrowthinafrica AT mohamedazali doesfinancecauseseconomicgrowthinafrica AT leechin doesfinancecauseseconomicgrowthinafrica |