Financial development and economic growth: Literature survey and empirical evidence from sub-Saharan African countries

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dc.authorscopusid35762823900
dc.authorscopusid24577678300
dc.authorscopusid25960674700
dc.contributor.authorAcaravci, Songul Kakilli
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorAcaravci, Ali
dc.date.accessioned2024-09-19T15:47:15Z
dc.date.available2024-09-19T15:47:15Z
dc.date.issued2009
dc.departmentHatay Mustafa Kemal Ãœniversitesien_US
dc.description.abstractIn this paper we review the literature on the finance-growth nexus and investigate the causality between financial development and economic growth in sub-Saharan Africa for the period 1975-2005. Using panel co-integration and panel GMM estimation for causality, the results of the panel co-integration analysis provide evidence of no long-run relationship between financial development and economic growth. The empirical findings in the paper show a bi-directional causal relationship between the growth of real GDP per capita and the domestic credit provided by the banking sector for the panels of 24 sub-Saharan African countries. The findings imply that African countries can accelerate their economic growth by improving their financial systems and vice versa.en_US
dc.identifier.doi10.4102/sajems.v12i1.258
dc.identifier.endpage27en_US
dc.identifier.issn1015-8812
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-77949947465en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage11en_US
dc.identifier.urihttps://doi.org/10.4102/sajems.v12i1.258
dc.identifier.urihttps://hdl.handle.net/20.500.12483/15067
dc.identifier.volume12en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherAOSIS (pty) Ltden_US
dc.relation.ispartofSouth African Journal of Economic and Management Sciencesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectFinancial developmenten_US
dc.subjectGrowthen_US
dc.subjectPanel causalityen_US
dc.subjectSub-Saharan Africaen_US
dc.titleFinancial development and economic growth: Literature survey and empirical evidence from sub-Saharan African countriesen_US
dc.typeReview Articleen_US

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