加纳的金融发展和经济增长:衡量金融发展是否重要?

IF 0.7 Q4 BUSINESS, FINANCE
George Adu , George Marbuah , Justice Tei Mensah
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引用次数: 301

摘要

本文的目的是研究加纳金融发展的长期增长效应。研究发现,金融发展的增长效应对代理选择非常敏感。私人部门信贷占GDP的比例和国内信贷总额都有利于经济增长,而广义货币存量占GDP的比例则不利于经济增长。从主成分分析中建立的指标证实了代理选择对效果的敏感性。本文的研究结果表明,金融发展对经济增长是好是坏取决于用来代表金融发展的指标。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Financial development and economic growth in Ghana: Does the measure of financial development matter?

The aim of this paper is to investigate the long-run growth effects of financial development in Ghana. We find that the growth effect of financial development is sensitive to the choice of proxy. Both the credit to the private sector as ratios to GDP and total domestic credit are conducive for growth, while broad money stock to GDP ratio is not growth-inducing. The indexes created from principal component analysis confirmed the sensitivity of the effect to the choice of proxy. The findings here suggest that whether financial development is good or bad for growth depends on the indicator used to proxy for financial development.

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来源期刊
Review of Development Finance
Review of Development Finance Economics, Econometrics and Finance-Finance
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