Does finance causes economic growth in Africa?

• 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/

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...