IDEAS home Printed from https://ideas.repec.org/p/edn/sirdps/154.html

Financial liberalisation and industrial development in Malawi

Author

Listed:
  • Kabango, Grant P.
  • Paloni, Alberto

Abstract

It has been suggested that financial liberalisation may be a key policy to promote industrialisation as it removes the credit access constraint on firms, especially small and medium ones. We investigate the effect of credit expansion in the wake of liberalisation on the structure of the industrial sectors in Malawi and find that, in contrast to the hypothesis above, it resulted in an increase in industrial concentration and a decrease in net firm entry, especially in sectors that are more finance dependent. The case of Malawi is interesting because financial liberalisation has been justified precisely as a means for industrial development and because the implementation of the policy has been regarded as relatively successful.

Suggested Citation

  • Kabango, Grant P. & Paloni, Alberto, 2010. "Financial liberalisation and industrial development in Malawi," SIRE Discussion Papers 2010-22, Scottish Institute for Research in Economics (SIRE).
    • Handle: RePEc:edn:sirdps:154
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10943/154
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muhammad Jawad & Zaib Maroof & Munazza Naz, 2022. "Industrial development dynamics: An exquisite examination of European Union and United Kingdom," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 125-136, January.
    2. Manoel Bittencourt & Chance Mwabutwa & Nicola Viegi, 2012. "Financial Reforms and Consumption Behaviour in Malawi," Working Papers 201210, University of Pretoria, Department of Economics.
    3. Zaib Maroof & Shahzad Hussain & Muhammad Jawad & Munazza Naz, 2019. "Determinants of industrial development: a panel analysis of South Asian economies," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(3), pages 1391-1419, May.
    4. repec:rza:wpaper:306 is not listed on IDEAS
    5. Muhammad Jawad & Zaib Maroof & Munazza Naz, 2019. "Industrial development factors: a comprehensive analysis of United States of America, European Union and China," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 1763-1821, July.
    6. Muhammad Jawad & Zaib Maroof & Munazza Naz, 2019. "Development dynamics: Pre and Post Brexit analysis of United Kingdom," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(2), pages 791-811, March.
    7. Sarwar Khan & Mahwish Zafar & Sana Khizer, 2022. "Nexuses between Governance Quality on Industrial Growth: A Fresh Insight from Developing Economies," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 4(1), pages 1-13, March.
    8. Kabango, Grant P. & Paloni, Alberto, 2011. "Financial Liberalization and the Industrial Response: Concentration and Entry in Malawi," World Development, Elsevier, vol. 39(10), pages 1771-1783.

    More about this item

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:edn:sirdps:154. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Research Office (email available below). General contact details of provider: https://edirc.repec.org/data/sireeuk.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.