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Title: Finance and Growth in Africa: The Broken Link
Authors: Demetriades, Panicos O.
James, Gregory A.
First Published: Jan-2011
Publisher: Dept. of Economics, University of Leicester
Abstract: Utilizing 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 suggest that banking system development in this region follows economic growth. They also indicate that there is no link between bank credit and economic growth.
Series/Report no.: Papers in Economics;11/17
Type: Report
Appears in Collections:Reports, Dept. of Economics

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