Advanced Search
MyIDEAS: Login to save this article or follow this journal

Banking development, human capital and economic growth in Sub-Saharan Africa (SSA)

Contents:

Author Info

  • Mobolaji Hakeem I.
Registered author(s):

    Abstract

    Purpose – The purpose of this paper is to investigate the relevance of three economic growth theories in Sub-Saharan Africa economies. Design/methodology/approach – This empirical paper employs a panel data framework, using fixed effect, random effects and maximum likelihood estimation techniques. It further conducts some sensitivity analyses. Findings – The paper finds that both the stock of human capital (HC) and the physical capital are important for growth in the region, the paper does not find strong impact of financial development (FD) in the region, perhaps due to long period of financial repression or financial underdevelopment in the region. It however finds strong complementarity features in interaction of both finance and HC on growth. Research limitations/implications – The analysis in the paper is confined to banking development indicators, due to inadequate data for capital market indicators as well as underdevelopment of the stock market in the region. Practical implications – The policy regime since the mid-1980?s (Structural Adjustment Programme, SAP, era) is to reduce government investment and involvement in economic activities; this paper however suggests that this measure has to be carefully considered especially with due concern for the trade off between short-run adjustment programmes and long-run stabilisation policies. The paper advocates for more efficient and effective investment in HC and FD in the region. Originality/value – It is believed that this is the first time such a study has been carried out, testing the relevance of three growth theories

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.emeraldinsight.com/journals.htm?issn=0144-3585&volume=37&issue=5&articleid=1886158&show=abstract
    Download Restriction: Cannot be freely downloaded

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Emerald Group Publishing in its journal Journal of Economic Studies.

    Volume (Year): 37 (2010)
    Issue (Month): 5 (September)
    Pages: 557-577

    as in new window
    Handle: RePEc:eme:jespps:v:37:y:2010:i:5:p:557-577

    Contact details of provider:
    Web page: http://www.emeraldinsight.com

    Order Information:
    Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
    Email:
    Web: http://www.emeraldinsight.com/jes.htm

    Related research

    Keywords: Banking; Economic growth; Human capital; Sub-Saharan Africa;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eme:jespps:v:37:y:2010:i:5:p:557-577. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.