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2022 | OriginalPaper | Buchkapitel

Finance-Growth Nexus: Evidence from a Dynamic Panel Model on ECOWAS Countries

verfasst von : Toussaint Houeninvo, Germain Lankoande

Erschienen in: The Palgrave Handbook of Africa’s Economic Sectors

Verlag: Springer International Publishing

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Abstract

This chapter evaluates the effect of financial development (as a credit to the private sector) on economic growth in the Economic Community of West African States (ECOWAS) member countries and assesses whether belonging to a monetary union makes a difference. It uses panel data over the period 1960–2018 and applies a generalized method of moments (GMM) model as the econometric technique. The findings indicate that credit to the private sector has a positive impact on economic growth and that there is no specific effect of monetary union. The chapter adds to the slim body of empirical studies on West Africa.

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Titel: Finance-Growth Nexus: Evidence from a Dynamic Panel Model on ECOWAS Countries
verfasst von: Toussaint Houeninvo
Germain Lankoande
Verlag: Springer International Publishing
Buch: The Palgrave Handbook of Africa’s Economic Sectors
Print ISBN: 978-3-030-75555-3

Electronic ISBN: 978-3-030-75556-0

Copyright-Jahr: 2022
DOI: https://doi.org/10.1007/978-3-030-75556-0_13

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