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Financial Stability and Economic Growth in the Cemac Zone: A Panel Cointegration Approach

Author

Listed:
  • Vivien Narcisse WABO NOKAM

    (Faculty of Economics and Management, University of Yaoundé II)

  • Wilfred KEM MUNGONG

    (Bank of Central African States (BEAC))

Abstract

The objective of this study is to analyze the impact of financial stability on economic growth in the CEMAC zone. Using annual data over the period 2003-2016, the empirical results from the estimation of a cointegrated panel model using FMOLS and DOLS methods indicate that financial stability has a positive effect on economic growth. Moreover, these results reveal that financial depth does not significantly influence economic growth in the area.

Suggested Citation

  • Vivien Narcisse WABO NOKAM & Wilfred KEM MUNGONG, 2023. "Financial Stability and Economic Growth in the Cemac Zone: A Panel Cointegration Approach," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 9(1), pages 1-8, 03-2023.
    • Handle: RePEc:arp:ijefrr:2023:p:1-8
    DOI: 10.32861/ijefr.91.1.8
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    References listed on IDEAS

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