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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...

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Main Authors: Yusuf, Salama, Habibullah, Muzafar Shah, Mohamed, Azali, Lee, Chin
Format: Conference or Workshop Item
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2012
Online Access:http://psasir.upm.edu.my/id/eprint/51232/1/12-6.pdf
http://psasir.upm.edu.my/id/eprint/51232/
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spelling my.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).
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
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.
format Conference or Workshop Item
author Yusuf, Salama
Habibullah, Muzafar Shah
Mohamed, Azali
Lee, Chin
spellingShingle Yusuf, Salama
Habibullah, Muzafar Shah
Mohamed, Azali
Lee, Chin
Does finance causes economic growth in Africa?
author_facet Yusuf, Salama
Habibullah, Muzafar Shah
Mohamed, Azali
Lee, Chin
author_sort Yusuf, Salama
title Does finance causes economic growth in Africa?
title_short 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_sort does finance causes economic growth in africa?
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2012
url http://psasir.upm.edu.my/id/eprint/51232/1/12-6.pdf
http://psasir.upm.edu.my/id/eprint/51232/
_version_ 1643834894304935936
score 13.211869

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