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Financial Structure and Economic Development in Africa

Author

Listed:
  • Kalu Ojah
  • Nyasha Mahonye

Abstract

This paper explores the relationship between economic development and financial structure: that is, whether the degree of financial system structure matter for pace and character of economic development in 15 African countries for the period of 1995 to 2011. The paper utilizes the fixed effect instrument variable technique for econometric estimation. None of the financial […]

Suggested Citation

  • Kalu Ojah & Nyasha Mahonye, 2014. "Financial Structure and Economic Development in Africa," Working Papers 482, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:482
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_482.pdf
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    Citations

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    Cited by:

    1. Kore Marc Guei, 2019. "Does financial structure matter for economic growth: evidence from South Africa," Economics Bulletin, AccessEcon, vol. 39(3), pages 1941-1957.
    2. Kore Marc Guei, 2019. "Does financial structure matter for economic growth: evidence from South Africa," Economics Bulletin, AccessEcon, vol. 39(3), pages 1941-1957.
    3. Jerry Ikechukwu Igwilo & Athenia Bongani Sibindi, 2022. "ICT Adoption and Stock Market Development: Empirical Evidence Using a Panel of African Countries," Risks, MDPI, vol. 10(2), pages 1-17, January.

    More about this item

    Keywords

    Africa; econometric modelling; Economic Development; Financial Accounting;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    NEP fields

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