Finance and growth in Africa: the broken link

Demetriades, Panicos; James, Gregory

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Finance and growth in Africa: the broken link

journal contribution

posted on 2014-07-25, 10:47 authored by Panicos Demetriades, Gregory James

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 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 LETTERS

Volume

113

Issue

3

Pages

263 - 265

Citation

DEMETRIADES, P. and JAMES, G., 2011. Finance and growth in Africa: the broken link. Economics Letters, 113 (3), pp. 263-265.

Publisher

Version

AM (Accepted Manuscript)

Publication date

2011

Notes

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.