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Effects of financial liberalization on financial market development and economic performance of the SSA region: An empirical assessment

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  • Ahmed, Abdullahi D.

Abstract

This study investigates the role of financial liberalization in promoting financial deepening and economic growth in Sub-Saharan African countries (SSA). We apply the more efficient system GMM estimator in dynamic panel data that combines first difference and original level specification to deal with the problems of weak instruments. Our dataset covers 21 countries in Sub-Saharan Africa over the period of 1981–2009.

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File URL: http://www.sciencedirect.com/science/article/pii/S0264999312002945
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Bibliographic Info

Article provided by Elsevier in its journal Economic Modelling.

Volume (Year): 30 (2013)
Issue (Month): C ()
Pages: 261-273

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Handle: RePEc:eee:ecmode:v:30:y:2013:i:c:p:261-273

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Web page: http://www.elsevier.com/locate/inca/30411

Related research

Keywords: Financial liberalization; Financial market development; Economic performance; SSA countries;

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Cited by:
  1. Herwartz, Helmut & Walle, Yabibal M., 2013. "State dependence in the finance-growth nexus: A functional coefficient approach," Center for European, Governance and Economic Development Research Discussion Papers 156, University of Goettingen, Department of Economics.

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