From Financial Development to Economic Growth and Vice Versa: A Review of International Experience and Policy Lessons for Africa
AbstractA large body of econometric studies in the past two decades has yielded considerable knowledge of the connection between financial development and economic growth, as experienced by a wide range of countries. A consensus view that financial development positively conditions or promotes economic growth emerged at an early stage. This paper argues that the evidence does not, however, provide a strong basis for policy in Africa, or, indeed, in specific countries elsewhere. Copyright 2012 , Oxford University Press.
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Bibliographic InfoArticle provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.
Volume (Year): 21 (2012)
Issue (Month): suppl_1 (January)
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