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Long-term Bank Financing of Productive Investments and Economic Growth in French-speaking African Countries

Author

Listed:
  • Dongho , Wamba Tejio Willi Verlaine

    (University of Bamenda)

  • Dinah , Gembom Phungeh

    (University of Bamenda)

  • Takoulac, Kamta Marcel

    (University of Bamenda)

Abstract

This study focuses on the influence of long-term bank financing of investments on economic growth in French-speaking African countries over the period 2004-2022. The empirical evaluation of this link is made through a dynamic panel model and the generalized method of moments. The results indicate that long-term bank financing expressed as a percentage of the total credit offered has a positive and significant impact on economic growth in these countries. In addition, gross domestic savings positively and significantly affect economic growth. It seems essential that the public and monetary authorities implement incentive measures to encourage the more significant collection of savings and encourage banks to boost the supply of long-term loans by the more significant transformation of maturities.

Suggested Citation

  • Dongho , Wamba Tejio Willi Verlaine & Dinah , Gembom Phungeh & Takoulac, Kamta Marcel, 2024. "Long-term Bank Financing of Productive Investments and Economic Growth in French-speaking African Countries," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 15(1), pages 19-32, January.
    • Handle: RePEc:ris:buecrj:0654
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    More about this item

    Keywords

    Long-Term Bank Financing; Productive Investment; Economic Growth; Generalized Method of Moments (GMM);
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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