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Le développement financier et la croissance : L'Afrique subsaharienne est-elle marginalisée ?

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  • Kangni KPODAR

    (Centre d'Etudes et de Recherches sur le Développement International)

Abstract

Résume : Dans cet article nous avons étudié le lien entre le développement financier et la croissance dans les pays en développement (PVD) en tenant compte de la spécificité des pays d’Afrique subsaharienne. Sur un échantillon de 64 pays en développement (dont 25 d’Afrique subsaharienne) au cours de la période 1968-1997, les résultats obtenus à l’aide de la Méthode des Moments Généralisés en panel dynamique montrent que comparativement aux autres PVD, le développement financier a un impact marginal plus faible sur la croissance en Afrique subsaharienne. En conséquence, les mauvaises performances économiques des pays d’Afrique subsaharienne peuvent s’expliquer en partie par la faiblesse de la contribution du développement financier à la croissance. La fragmentation ethnolinguistique, les crises bancaires permanentes, la concentration bancaire, la persistance de l’interventionnisme public dans le fonctionnement du système financier sont des facteurs susceptibles d’expliquer cette marginalisation. Quant à la faiblesse de l’environnement légal et de supervision des banques, elle semble être un handicap tout aussi bien pour les systèmes financiers des pays africains que ceux des autres PVD.

Suggested Citation

  • Kangni KPODAR, 2005. "Le développement financier et la croissance : L'Afrique subsaharienne est-elle marginalisée ?," Macroeconomics 0502016, EconWPA, revised 05 May 2005.
  • Handle: RePEc:wpa:wuwpma:0502016 Note: Type of Document - pdf; pages: 35
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    Cited by:

    1. Patrick Honohan & Thorsten Beck, 2007. "Making Finance Work for Africa," World Bank Publications, The World Bank, number 6626.
    2. Florian LEON, 2015. "What do we know about the role of bank competition in Africa?," Working Papers 201516, CERDI.
    3. Teheni EL GHAK & Hajer ZARROUK, 2010. "Développement Financier Et Écarts De Revenus Des Pays : Une Analyse Empirique Sur Données De Panel," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 32, pages 59-90.

    More about this item

    Keywords

    Afrique; systèmes financiers; croissance économique;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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