Développement financier et croissance économique en RDC : Supply leading ou demand folowing ?
[Financial development and economic growth in the DRC : Supply leading or demand folowing ?]
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Christian Pinshi & Anselme M Kabeya, 2021. "Développement financier et croissance économique en RDC : Supply leading ou demand folowing ?," Working Papers hal-02882979, HAL.
References listed on IDEAS
- Beck, Thorsten & Levine, Ross, 2004.
"Stock markets, banks, and growth: Panel evidence,"
Journal of Banking & Finance, Elsevier, vol. 28(3), pages 423-442, March.
- Thorsten Beck & Ross Levine, 2002. "Stock Markets, Banks, and Growth: Panel Evidence," NBER Working Papers 9082, National Bureau of Economic Research, Inc.
- Suleiman Abu‐Bader & Aamer S. Abu‐Qarn, 2008. "Financial Development and Economic Growth: Empirical Evidence from Six MENA Countries," Review of Development Economics, Wiley Blackwell, vol. 12(4), pages 803-817, November.
- De Gregorio, Jose & Guidotti, Pablo E., 1995.
"Financial development and economic growth,"
World Development, Elsevier, vol. 23(3), pages 433-448, March.
- Mr. Pablo Emilio Guidotti & Mr. Jose De Gregorio, 1992. "Financial Development and Economic Growth," IMF Working Papers 1992/101, International Monetary Fund.
- Christian Pinshi, 2020.
"Rethinking error correction model in macroeconometric analysis : A relevant review,"
Working Papers
hal-02454971, HAL.
- PINSHI, Christian P., 2020. "Rethinking Error Correction Model in Macroeconometric Analysis: A Relevant Review," MPRA Paper 102644, University Library of Munich, Germany.
- Pinshi, Christian, 2020. "Rethinking error correction model in macroeconometric analysis : A relevant review," MPRA Paper 98202, University Library of Munich, Germany.
- Demetriades, Panicos O. & James, Gregory A., 2011.
"Finance and growth in Africa: The broken link,"
Economics Letters, Elsevier, vol. 113(3), pages 263-265.
- Panicos O. Demetriades & Gregory A. James, 2011. "Finance and Growth in Africa: The Broken Link," Discussion Papers in Economics 11/17, Division of Economics, School of Business, University of Leicester.
- Shahbaz, Muhammad & Lean, Hooi Hooi, 2012.
"Does financial development increase energy consumption? The role of industrialization and urbanization in Tunisia,"
Energy Policy, Elsevier, vol. 40(C), pages 473-479.
- Muhammad, Shahbaz & Lean, Hooi Hooi, 2011. "Does Financial Development Increase Energy Consumption? Role of Industrialization and Urbanization in Tunisia," MPRA Paper 33194, University Library of Munich, Germany, revised 06 Sep 2011.
- Matthias Cinyabuguma & Mr. Bernardin Akitoby, 2004. "Sources of Growth in the Democratic Republic of the Congo: A Cointegration Approach," IMF Working Papers 2004/114, International Monetary Fund.
- Teame Ghirmay, 2004. "Financial Development and Economic Growth in Sub‐Saharan African Countries: Evidence from Time Series Analysis," African Development Review, African Development Bank, vol. 16(3), pages 415-432.
- Kar, Muhsin & NazlIoglu, Saban & AgIr, Hüseyin, 2011.
"Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis,"
Economic Modelling, Elsevier, vol. 28(1-2), pages 685-693, January.
- Kar, Muhsin & Nazlıoğlu, Şaban & Ağır, Hüseyin, 2011. "Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis," Economic Modelling, Elsevier, vol. 28(1), pages 685-693.
- Hassan, M. Kabir & Sanchez, Benito & Yu, Jung-Suk, 2011.
"Financial development and economic growth: New evidence from panel data,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 51(1), pages 88-104, February.
- M. Kabir Hassan & Jung Suk-Yu, 2007. "Financial Development and Economic Growth: New Evidence from Panel Data," NFI Working Papers 2007-WP-10, Indiana State University, Scott College of Business, Networks Financial Institute.
- Fase, M. M. G. & Abma, R. C. N., 2003. "Financial environment and economic growth in selected Asian countries," Journal of Asian Economics, Elsevier, vol. 14(1), pages 11-21, February.
- Odhiambo, Nicholas M., 2008. "Financial depth, savings and economic growth in Kenya: A dynamic causal linkage," Economic Modelling, Elsevier, vol. 25(4), pages 704-713, July.
- Greenwood, Jeremy & Smith, Bruce D., 1997.
"Financial markets in development, and the development of financial markets,"
Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 145-181, January.
- Greenwood, J. & Smith, B.D., 1995. "Financial Markets in Development, and the Development of Financial Markets," RCER Working Papers 406, University of Rochester - Center for Economic Research (RCER).
- Deidda, Luca & Fattouh, Bassam, 2002.
"Non-linearity between finance and growth,"
Economics Letters, Elsevier, vol. 74(3), pages 339-345, February.
- LG Deidda & B. Fattouh, 2001. "Non linearity between finance and growth," Working Paper CRENoS 200104, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Luintel, Kul B. & Khan, Mosahid, 1999. "A quantitative reassessment of the finance-growth nexus: evidence from a multivariate VAR," Journal of Development Economics, Elsevier, vol. 60(2), pages 381-405, December.
- Anthony Enisan Akinlo & Tajudeen Egbetunde, 2010. "Financial Development and Economic Growth: The Experience of 10 Sub-Saharan African Countries Revisited," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 2(1), pages 017-028, June.
- Chandavarkar, Anand, 1992. "Of finance and development: Neglected and unsettled questions," World Development, Elsevier, vol. 20(1), pages 133-142, January.
- Robert G. King & Ross Levine, 1993.
"Finance and Growth: Schumpeter Might Be Right,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 717-737.
- King, Robert G. & Levine, Ross, 1993. "Finance and growth : Schumpeter might be right," Policy Research Working Paper Series 1083, The World Bank.
- Calderon, Cesar & Liu, Lin, 2003.
"The direction of causality between financial development and economic growth,"
Journal of Development Economics, Elsevier, vol. 72(1), pages 321-334, October.
- César Calderón & Lin Liu, 2002. "The Direction of Causality Between Financial Development and Economic Growth," Working Papers Central Bank of Chile 184, Central Bank of Chile.
- Odhiambo, Nicholas M., 2009. "Finance-growth-poverty nexus in South Africa: A dynamic causality linkage," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(2), pages 320-325, March.
- Bangake, Chrysost & Eggoh, Jude C., 2011.
"Further evidence on finance-growth causality: A panel data analysis,"
Economic Systems, Elsevier, vol. 35(2), pages 176-188, June.
- Chrysost BANGAKE & Comlanvi Jude EGGOH, 2010. "Further Evidence on Finance-Growth Causality: A Panel Data Analysis," LEO Working Papers / DR LEO 671, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Asli Demirgüç-Kunt & Ross Levine, 2008.
"Finance, Financial Sector Policies, and Long-Run Growth,"
World Bank Publications - Books,
The World Bank Group, number 28021.
- Demirguc-Kunt, Asli & Levine, Ross, 2008. "Finance, financial sector policies, and long-run growth," Policy Research Working Paper Series 4469, The World Bank.
- Umar Bida Ndako, 2017. "Financial Development, Investment and Economic Growth: Evidence from Nigeria," Journal of Reviews on Global Economics, Lifescience Global, vol. 6, pages 33-41.
- Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
- Prabir Bhattacharya & M. N. Sivasubramanian, 2003. "Financial development and economic growth in India: 1970-1971 to 1998-1999," Applied Financial Economics, Taylor & Francis Journals, vol. 13(12), pages 925-929.
- Ang, James B. & McKibbin, Warwick J., 2007.
"Financial liberalization, financial sector development and growth: Evidence from Malaysia,"
Journal of Development Economics, Elsevier, vol. 84(1), pages 215-233, September.
- James B. Ang & Warwick J. McKibbin, 2005. "Financial Liberalization, Financial Sector Development And Growth: Evidence From Malaysia," CAMA Working Papers 2005-05, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Stern, Nicholas, 1989. "The Economics of Development: A Survey," Economic Journal, Royal Economic Society, vol. 99(397), pages 597-685, September.
- Levine, Ross, 2005.
"Finance and Growth: Theory and Evidence,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934,
Elsevier.
- Ross Levine, 2004. "Finance and Growth: Theory and Evidence," NBER Working Papers 10766, National Bureau of Economic Research, Inc.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Ahmed, S. M. & Ansari, M. I., 1998. "Financial sector development and economic growth: The South-Asian experience," Journal of Asian Economics, Elsevier, vol. 9(3), pages 503-517.
- Demirguc-Kunt, Asli, 2006. "Finance and economic development : policy choices for developing countries," Policy Research Working Paper Series 3955, The World Bank.
- Ductor, Lorenzo & Grechyna, Daryna, 2015. "Financial development, real sector, and economic growth," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 393-405.
- Hsueh, Shun-Jen & Hu, Yu-Hau & Tu, Chien-Heng, 2013. "Economic growth and financial development in Asian countries: A bootstrap panel Granger causality analysis," Economic Modelling, Elsevier, vol. 32(C), pages 294-301.
- Jagadish Prasad Bist, 2018. "Financial development and economic growth: Evidence from a panel of 16 African and non-African low-income countries," Cogent Economics & Finance, Taylor & Francis Journals, vol. 6(1), pages 1449780-144, January.
- Asli Demeirgüç-Kunt & Ross Levine (ed.), 0. "Finance and Growth," Books, Edward Elgar Publishing, number 17119.
- Jordan Shan & Jianhong Qi, 2006. "Does Financial Development 'Lead' Economic Growth? The Case of China," Annals of Economics and Finance, Society for AEF, vol. 7(1), pages 197-216, May.
- Enrique Gelbard & Anne-Marie Gulde & Rodolfo Maino, 2014. "Développement financier en Afrique subsaharienne : les enjeux pour une croissance soutenue," Revue d'économie financière, Association d'économie financière, vol. 0(4), pages 19-42.
- Gries, Thomas & Kraft, Manfred & Meierrieks, Daniel, 2009.
"Linkages Between Financial Deepening, Trade Openness, and Economic Development: Causality Evidence from Sub-Saharan Africa,"
World Development, Elsevier, vol. 37(12), pages 1849-1860, December.
- Thomas Gries & Manfred Kraft & Daniel Meierrieks, 2008. "Linkages between Financial Deepening,Trade Openness and Economic Development: Causality Evidence from Sub-Saharan Africa," Working Papers CIE 15, Paderborn University, CIE Center for International Economics.
- Christopoulos, Dimitris K. & Tsionas, Efthymios G., 2004. "Financial development and economic growth: evidence from panel unit root and cointegration tests," Journal of Development Economics, Elsevier, vol. 73(1), pages 55-74, February.
- Ozturk, Ilhan & Acaravci, Ali, 2013. "The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey," Energy Economics, Elsevier, vol. 36(C), pages 262-267.
- Beck, Thorsten & Levine, Ross & Loayza, Norman, 2000.
"Finance and the sources of growth,"
Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 261-300.
- Beck,Thorsten & Levine,Ross Eric & Loayza,Norman V., 1999. "Finance and the sources of growth," Policy Research Working Paper Series 2057, The World Bank.
- ILUNGA, Stéphanie & PINSHI, Christian, 2018.
"Quel rôle pour les banques centrales dans la promotion de la croissance économique ? [What role for central banks in promoting economic growth?],"
MPRA Paper
99706, University Library of Munich, Germany.
- Stéphanie K Ilunga & Christian Pinshi, 2020. "Quel rôle pour les banques centrales dans la promotion de la croissance économique ?," Working Papers hal-02546521, HAL.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Christian Pinshi, 2020.
"Arithmétique du Pass-through de la COVID-19 sur le Système financier Congolais,"
Working Papers
hal-02897385, HAL.
- PINSHI, Christian P., 2020. "Arithmétique du Pass-through de la COVID 19 sur le Système financier Congolais [COVID-19 Pass-through Arithmetic on the Congolese Financial System]," MPRA Paper 101783, University Library of Munich, Germany.
- Tchouassi, Gérard & Tomo, Christian Parfait, 2022. "Modélisation des effets des réformes institutionnelles sur le développement financier pour la croissance économique en zone CEMAC [Modeling the effects of institutional reforms on financial develop," MPRA Paper 113482, University Library of Munich, Germany, revised 17 Jun 2022.
- MALATA, Alain K. & PINSHI, Christian P., 2020. "Système financier et COVID-19 : Un examen de l’impact en RDC [Financial system and COVID-19: A review of the impact in the DRC]," MPRA Paper 107772, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- PINSHI, Christian P., 2020.
"On the causal nature between financial development and economic growth in the Democratic Republic of the Congo: Is it supply leading or demand following?,"
MPRA Paper
101837, University Library of Munich, Germany, revised 14 Jul 2020.
- Christian Pinshi, 2020. "On the causal nature between financial development and economic growth in the Democratic Republic of the Congo: Is it supply leading or demand following?," Working Papers hal-02898899, HAL.
- Christian Pinshi & Anselme M Kabeya, 2020.
"Financial development and Economic growth in the Democratic Republic of the Congo : Supply leading or Demand following?,"
Working Papers
hal-02886686, HAL.
- PINSHI, Christian P. & KABEYA, Anselme M., 2020. "Financial development and Economic growth in the Democratic Republic of the Congo : Supply leading or Demand following?," MPRA Paper 101459, University Library of Munich, Germany.
- Rudra P. Pradhan & Mak B. Arvin & John H. Hall & Sahar Bahmani, 2014.
"Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries,"
Review of Financial Economics, John Wiley & Sons, vol. 23(4), pages 155-173, November.
- Pradhan, Rudra P. & Arvin, Mak B. & Hall, John H. & Bahmani, Sahar, 2014. "Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries," Review of Financial Economics, Elsevier, vol. 23(4), pages 155-173.
- Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar & Hall, John H. & Norman, Neville R., 2017. "Finance and growth: Evidence from the ARF countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 66(C), pages 136-148.
- Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015.
"Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries,"
World Development, Elsevier, vol. 68(C), pages 66-81.
- Nahla Samargandi & Jan Fidrmuc & Sugata Ghosh, 2014. "Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries," CESifo Working Paper Series 4743, CESifo.
- Olufemi Adewale Aluko & Olufemi Patrick Adeyeye & Patrick Olajide Oladele, 2020. "Finance–growth nexus in sub-Saharan Africa revisited: evidence based on a new composite index," Economic Change and Restructuring, Springer, vol. 53(2), pages 333-355, May.
- Khalil Mhadhbi & Chokri Terzi & Ali Bouchrika, 2020.
"Banking sector development and economic growth in developing countries: a bootstrap panel Granger causality analysis,"
Empirical Economics, Springer, vol. 58(6), pages 2817-2836, June.
- Khalil Mhadhbi & Chokri Terzi & Ali Ali Bouchrika, 2017. "Banking sector development and economic growth developing countries: A bootstrap panel Granger causality analysis," Working Papers hal-01528104, HAL.
- Phouphet Kyophilavong & Gazi Salah Uddin & Muhammad Shahbaz, 2016.
"The Nexus between Financial Development and Economic Growth in Lao PDR,"
Global Business Review, International Management Institute, vol. 17(2), pages 303-317, April.
- Kyophilavong, Phouphet & Salah Uddin, Gazi & Shahbaz, Muhammad, 2014. "The Nexus Between Financial Development and Economic Growth in Lao PDR," MPRA Paper 57308, University Library of Munich, Germany, revised 14 Jul 2014.
- repec:mth:ijafr8:v:8:y:2018:i:4:p:399-423 is not listed on IDEAS
- Nicholas M. Odhiambo & Sheilla Nyasha, 2022.
"Financial Development and Economic Growth in Uganda: A Multivariate Causal Linkage,"
Journal of African Business, Taylor & Francis Journals, vol. 23(2), pages 361-379, April.
- Odhiambo, Nicholas M & Nyasha, Sheilla, 2019. "Financial development and economic growth in Uganda: A multivariate causal linkage," Working Papers 25711, University of South Africa, Department of Economics.
- Phouphet KYOPHILAVONG & Gazi Salah Uddin & Muhammad Shahbaz, 2014. "The Nexus Between Financial Development and Economic Growth in Laos," Working Papers 2014-447, Department of Research, Ipag Business School.
- James B. Ang, 2008.
"A Survey Of Recent Developments In The Literature Of Finance And Growth,"
Journal of Economic Surveys, Wiley Blackwell, vol. 22(3), pages 536-576, July.
- James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03-07, Monash University, Department of Economics.
- Abdul Rahman & Muhammad Arshad Khan & Lanouar Charfeddine, 2020. "Does Financial Sector Promote Economic Growth in Pakistan? Empirical Evidences From Markov Switching Model," SAGE Open, , vol. 10(4), pages 21582440209, October.
- Pradhan, Rudra P. & Arvin, Mak B. & Norman, Neville R., 2015. "Insurance development and the finance-growth nexus: Evidence from 34 OECD countries," Journal of Multinational Financial Management, Elsevier, vol. 31(C), pages 1-22.
- Muhammad Shahbaz & Ijaz Ur Rehman & Ahmed Taneem Muzaffar, 2015.
"Re-Visiting Financial Development and Economic Growth Nexus: The Role of Capitalization in Bangladesh,"
South African Journal of Economics, Economic Society of South Africa, vol. 83(3), pages 452-471, September.
- Shahbaz, Muhammad & Rehman, Ijaz ur & Ahmed Taneem, Muzaffar, 2014. "Re-Visiting Financial Development and Economic Growth Nexus: The Role of Capitalization in Bangladesh," MPRA Paper 57500, University Library of Munich, Germany, revised 22 Jul 2014.
- Pradhan, Rudra P. & Arvin, Mak B. & Norman, Neville R., 2015. "The dynamics of information and communications technologies infrastructure, economic growth, and financial development: Evidence from Asian countries," Technology in Society, Elsevier, vol. 42(C), pages 135-149.
- Jagadish Prasad Bist & Nar Bahadur Bista, 2018. "Finance–Growth Nexus in Nepal: An Application of the ARDL Approach in the Presence of Structural Breaks," Vikalpa: The Journal for Decision Makers, , vol. 43(4), pages 236-249, December.
- Polat, Ali & Shahbaz, Muhammad & Ur Rehman, Ijaz & Satti, Saqlain Latif, 2013. "Revisiting Linkages between Financial Development, Trade Openness and Economic Growth in South Africa: Fresh Evidence from Combined Cointegration Test," MPRA Paper 51724, University Library of Munich, Germany, revised 25 Nov 2013.
- repec:ipg:wpaper:2014-485 is not listed on IDEAS
- Nyasha Sheilla & Odhiambo Nicholas M., 2017. "Bank Versus Stock Market Development in Brazil: An ARDL Bounds Testing Approach," South East European Journal of Economics and Business, Sciendo, vol. 12(1), pages 7-21, April.
- Rudra P. Pradhan & Mak B. Arvin & Neville R. Norman & John H. Hall, 2014. "The dynamics of banking sector and stock market maturity and the performance of Asian economies," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 30(1), pages 16-44, May.
- Okuyan Hasan Aydın, 2022. "The Nexus of Financial Development and Economic Growth Across Developing Economies," South East European Journal of Economics and Business, Sciendo, vol. 17(1), pages 125-140, June.
More about this item
Keywords
Financial development; economic growth; Democratic Republic of the Congo;All these keywords.
JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
Statistics
Access and download statisticsCorrections
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:pra:mprapa:101405. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc 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 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.