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Financial development, income inequality, and institutional quality : a multi-dimensional analysis
Cong Minh Huynh; Tran Nam Hoai - In: Cogent economics & finance 11 (2023) 2, pp. 1-15
Ambiguous impacts of financial development on income inequality in the literature imply that the impacts can be affected by other variables and may depend on different dimensions of financial development. This paper studies the effects of financial development with multi-dimensional analysis...
Persistent link: https://www.econbiz.de/10014503088
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Impacts of openness on financial development in developing countries : using a Bayesian model averaging approach
Diem Pham Thi Thuy; Hoai Nguyen Trong - In: Cogent economics & finance 9 (2021) 1, pp. 1-17
This study investigates the influences of trade and financial openness on financial development over the period 2003-2017 from a sample of 64 developing countries, employing a Bayesian model averaging approach to take into account model uncertainty. The results demonstrate that the contribution...
Persistent link: https://www.econbiz.de/10013184085
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Harnessing the synergies of independent central banks and human capital for enhanced financial sector development in Africa
Agoba, Abel; Anarfo, Ebenezer Bugri; Sare, Yakubu Awudu - In: Cogent economics & finance 10 (2022) 1, pp. 1-23
Using panel data from 2004 to 2012, we employ a two-step system GMM estimation technique, with robust standard errors, collapsed instruments and illus-trate marginal effects of central bank independence on financial development in Africa. We also examine the moderating roles of human capital,...
Persistent link: https://www.econbiz.de/10014500238
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Financial development and economic growth : evidence from a panel of 16 African and non-African low-income countries
Bist, Jagadish Prasad - In: Cogent economics & finance 6 (2018) 1, pp. 1-17
This paper aims to investigate the long-run relationship between financial development and economic growth using panel unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014. The long-run relationship has been estimated using...
Persistent link: https://www.econbiz.de/10011904249
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The effect of financial development and remittances on economic growth
Naqeeb-ur-Rehman; Hysa, Eglantina - In: Cogent economics & finance 9 (2021) 1, pp. 1-15
The purpose of this study is to examine the effect of financial development and remittances on economic growth across six Western Balkan countries (WBC) using panel data from 2000 to 2017. Previous studies have neglected the effect of financial development and remittances on economic growth with...
Persistent link: https://www.econbiz.de/10013183996
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Role of financial development in the export performance of a landlocked developing country : the case of Nepal
Paudel, Ramesh; Alharthi, Majed - In: Cogent economics & finance 9 (2021) 1, pp. 1-18
This paper, using the most recent index of financial development as developed in an IMF publication by Svirydzenka, examines the role of overall financial development, financial institutions, and financial markets in the export performance of Nepal employing the Autoregressive distributed lag...
Persistent link: https://www.econbiz.de/10013184397
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Examining the role of financial innovation on economic growth : fresh empirical evidence from developing and developed countries
Naeem, Mohd Hammad; Subhan, Mohammad; Alam, Md Shabbir; … - In: Cogent economics & finance 11 (2023) 1, pp. 1-20
From an economic prospective, the relationship between financial innovation and economic growth has always been a …, this study examines the effect of financial innovation on economic growth in the context of developing and developed … applied to examine the relationship between financial innovation and economic growth. This study has compared the results of …
Persistent link: https://www.econbiz.de/10014500657
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Financial development and economic growth in Ethiopia : is there a causal link?
Mengesha, Seyoum Teffera; Berde, Eva - In: Cogent economics & finance 11 (2023) 2, pp. 1-26
The relationship between financial development and economic growth has been widely debated in the economics literature, but the results have been inconsistent and vary between the short and long run. In this study, we investigate the causal relationship between financial development and economic...
Persistent link: https://www.econbiz.de/10014503034
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The role of inflation in financial development : economic growth link in sub-Saharan Africa
Ibrahim, Muazu; Aluko, Olufemi Adewale; Xuan Vinh Vo - In: Cogent economics & finance 10 (2022) 1, pp. 1-14
The impact of financial development (FD) on economic growth (EG) is well documented. However, studies on how inflation mediates the impact of FD on EG produce inconclusive findings. Meanwhile, the tripartite relationship among FD, inflation and EG is particularly crucial for sub-Saharan African...
Persistent link: https://www.econbiz.de/10013431455
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Institutional structures and financial market development in Africa
Agyemang, Otuo Serebour; Gatsi, John Gartchie; Ansong, … - In: Cogent economics & finance 6 (2018) 1, pp. 1-15
Our paper examines the relationship between institutional structures and the level of financial markets development in Africa. Our paper contributes to the extant literature by using other financial market development variables-ease of access to loans and venture capital availability-that have...
Persistent link: https://www.econbiz.de/10012023050