IDEAS home Printed from https://ideas.repec.org/a/oup/jafrec/v9y2000i2p132-160..html
   My bibliography  Save this article

Financial intermediation and economic growth in Southern Africa

Author

Listed:
  • DS Allen
  • L Ndikumana

Abstract

Using various indicators of financial development, this paper investigates the role of financial intermediation in stimulating economic growth in Southern Africa. The results lend some support to the hypothesis that financial development is positively correlated with the growth rate of real per capita GDP. This relationship is more evident in regressions that use pooled data (5-year cross-sections) than those using annual data. This finding suggests that the finance-growth nexus is a long-run phenomenon. The data indicate that while Botswana and Mauritius are catching up with South Africa towards a high-income steady state, the rest of the countries are stagnating to low income levels and low growth rates.

Suggested Citation

  • DS Allen & L Ndikumana, 2000. "Financial intermediation and economic growth in Southern Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 9(2), pages 132-160.
    • Handle: RePEc:oup:jafrec:v:9:y:2000:i:2:p:132-160.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/jae/9.2.132
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:9:y:2000:i:2:p:132-160.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/csaoxuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.