Deciphering African Financial Development Interaction With Institutional Quality And Economic Growth Nexus

IF 1 Q3 ECONOMICS
Etikonomi Pub Date : 2021-02-22 DOI:10.15408/ETK.V20I1.16177
Easmond Baah Nketia, Yusheng Kong
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引用次数: 3

Abstract

The paper scrutinized the correlation between financial development interaction with institutional quality and economic growth in Africa. The study adopted 30 different interactions. The study used the Augmented mean group estimation technique to estimate the model. Gross domestic savings/GDP and broad money/GDP positively influenced growth with the majority of interactions with institutional quality indicators. Credit to Private Sector/GDP interaction with Voice & Accountability; and Political Stability has a higher impact on growth than any interaction variable. However, government effectiveness, regulatory quality, and corruption control are weak in Africa; even if interacted with financial development indicators, it mostly reduces economic growth. This study recommends that governments in Africa strengthen financial development indicators; Bank Deposit/GDP, Gross Domestic Savings/GDP and Credit to private sector/GDP, and institutional quality indicator political stability & absence of violence since their interaction has proven to aid rapid economic growth . JEL Classification:  E17, F62, F63 How to Cite: Nketia, E. B., & Kong, Y. (2021). Decipheting African Financial Development Interaction with Institutional Quality and Economic Growth Nexus. Etikonomi: Jurnal Ekonomi , 20(1), 23 – 44. https://doi.org/10.15408/etk.v20i1.16177.
解读非洲金融发展与制度质量和经济增长关系的互动
该文件仔细审查了金融发展互动与制度质量和非洲经济增长之间的相关性。该研究采用了30种不同的互动方式。该研究使用了增广均值群估计技术来估计模型。国内储蓄总额/GDP和广义货币/GDP对增长产生了积极影响,其中大多数与机构质量指标相互作用。信贷对私营部门/GDP与声音和问责制的互动;政治稳定对增长的影响比任何互动变量都要大。然而,非洲的政府效率、监管质量和腐败控制薄弱;即使与金融发展指标相互作用,也大多会降低经济增长。这项研究建议非洲各国政府加强金融发展指标;银行存款/GDP、国内储蓄总额/GDP和私营部门信贷/GDP,以及机构质量指标政治稳定和无暴力,因为它们的相互作用已被证明有助于经济快速增长。JEL分类:E17,F62,F63如何引用:Nketia,E.B.,&Kong,Y.(2021)。决定非洲金融发展与制度质量和经济增长的互动关系。Etikonomi:Jurnal Ekonomi,20(1),23-44。https://doi.org/10.15408/etk.v20i1.16177.
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Etikonomi
Etikonomi ECONOMICS-
自引率
12.50%
发文量
29
审稿时长
12 weeks
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