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The causal relationship between financial development and economic growth in Africa
16 references·16 citing·42 second hopsampled
The causal relationship between financial development and economic growth in Africa (2019)The causal relationship between financial…Effect of financial development on economic growth in sub-Saharan Africa (2018)Effect of financial developme…The theory of economic development – An inquiry into profits, capital, credit, interest, and the business cycle (2017)The theory of economic develo…Introducing a New Broad-based Index of Financial Development (2016)Introducing a New Broad-based…Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach (2013)Financial development, trade …Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis (2010)Financial development and eco…Linkages Between Financial Deepening, Trade Openness, and Economic Development: Causality Evidence from Sub-Saharan Africa (2009)Linkages Between Financial De…Financial development and economic growth: Evidence from China (2006)Financial development and eco…Exports and growth: Granger causality analysis on OECD countries with a panel data approach (2006)Exports and growth: Granger c…Testing for short- and long-run causality: A frequency-domain approach (2005)Testing for short- and long-r…Financial Development and Economic Growth: An Egg‐and‐Chicken Problem? (2001)Financial Development and Eco…Financial Dependence and Growth (1996)Financial Dependence and Grow…Financial development and economic growth (1995)Financial development and eco…On the mechanics of economic development (1988)On the mechanics of economic …Measurement of Linear Dependence and Feedback Between Multiple Time Series (1982)Measurement of Linear Depende…Financial Development and Economic Growth in Underdeveloped Countries (1966)Financial Development and Eco…The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (1934)The Theory of Economic Develo…The role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies (2023)The role of institutional qua…The impact of financial development on economic growth in sub-Saharan Africa. Does institutional quality matter? (2023)The impact of financial devel…Does financial development improve economic growth? The role of asymmetrical relationships (2023)Does financial development im…Financial development and entrepreneurship: insights from Africa (2022)Financial development and ent…The financial development impact of financial globalization revisited: A focus on OECD countries (2021)The financial development imp…COVID-19 pandemic, a blessing or a curse for sales? A study of women entrepreneurs from Khyber Pakhtunkhwa community (2021)COVID-19 pandemic, a blessing…Capital market and economic growth in Malaysia: the role of ṣukūk and other sub-components (2021)Capital market and economic g…Structural transformation in the presence of trade and financial integration in sub–Saharan Africa (2020)Structural transformation in …Re-examining the causal relationships among FDI, economic growth and financial sector development in Africa (2020)Re-examining the causal relat…Is financial development good for economic growth? Empirical insights from emerging European countries (2020)Is financial development good…Institutions and financial development in ECOWAS (2020)Institutions and financial de…Financial development and environmental quality in sub-Saharan Africa: Is there a technology effect? (2020)Financial development and env…Foreign direct investment, economic growth and financial sector development in Africa (2019)Foreign direct investment, ec…Finance–growth nexus in sub-Saharan Africa revisited: evidence based on a new composite index (2019)Finance–growth nexus in sub-S…Does Governance Quality Moderate the Finance-Renewable Energy-Growth Nexus?: Evidence from Five Major Regions in the World (2019)Does Governance Quality Moder…Asymmetric effects of financial development on economic growth in Ghana (2019)Asymmetric effects of financi…Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Statistical analysis of cointegration vectors (1988)Measuring the Frequency Dynamics of Financial Connectedness and Systemic Risk* (2018)Do renewable energy consumption and financial development matter for environmental sustainability? New global evidence (2020)Analyze the environmental sustainability factors of China: The role of fossil fuel energy and renewable energy (2022)A Contribution to the Theory of Economic Growth (1956)Increasing Returns and Long-Run Growth (1986)Finance, entrepreneurship and growth (1993)The direction of causality between financial development and economic growth (2003)Too much finance? (2015)MONEY, INCOME, AND CAUSALITY (1972)Comparing alternative tests of causality in temporal systems (1983)Consciousness and Complexity (1998)Granger Causality and Transfer Entropy Are Equivalent for Gaussian Variables (2009)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Credit Rationing in Markets with Imperfect Information (1981)A Contribution to the Empirics of Economic Growth (1992)Financial intermediation and growth: Causality and causes (2000)Finance and Growth: Theory and Evidence (2004)Law, finance, and economic growth in China (2005)The Economic Implications of Learning by Doing (1962)Human Capital (1983)Endogenous Technological Change (1989)Increasing Returns and Economic Geography (1990)Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process (1940)Productivity Dynamics in Manufacturing Plants (1992)Capitalism, Socialism and Democracy (1997)Relational Archetypes, Organizational Learning, and Value Creation: Extending the Human Resource Architecture (2007)Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs (2010)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Chapter 12 Finance and Growth: Theory and Evidence (2005)Globalization and carbon emissions: Is there any role of agriculture value-added, financial development, and natural resource rent in the aftermath of COP21? (2020)Modeling the dynamic linkage between financial development, energy innovation, and environmental quality: Does globalization matter? (2020)Financial development and environmental degradation: Do human capital and institutional quality make a difference? (2021)Testing for Granger causality in heterogeneous mixed panels (2010)Testing for Granger non-causality in heterogeneous panels (2012)Agency for International Development (1978)Financial Intermediation and Endogenous Growth (1991)Does financial liberalization spur growth? 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References

  • 1988On the mechanics of economic development23,910 cited
  • 1996Financial Dependence and Growth8,055 cited
  • 1934The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle7,610 cited
  • 2017The theory of economic development – An inquiry into profits, capital, credit, interest, and the business cycle2,071 cited
  • 1982Measurement of Linear Dependence and Feedback Between Multiple Time Series2,056 cited
  • 1966Financial Development and Economic Growth in Underdeveloped Countries1,805 cited
  • 1995Financial development and economic growth1,215 cited
  • 2016Introducing a New Broad-based Index of Financial Development1,053 cited
  • 2005Testing for short- and long-run causality: A frequency-domain approach945 cited
  • 2006Exports and growth: Granger causality analysis on OECD countries with a panel data approach849 cited
  • 2013Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach618 cited
  • 2010Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis535 cited
  • 2006Financial development and economic growth: Evidence from China349 cited
  • 2018Effect of financial development on economic growth in sub-Saharan Africa

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323 cited
  • 2009Linkages Between Financial Deepening, Trade Openness, and Economic Development: Causality Evidence from Sub-Saharan Africa306 cited
  • 2001Financial Development and Economic Growth: An Egg‐and‐Chicken Problem?293 cited
  • Cited by

    • 2020Financial development and environmental quality in sub-Saharan Africa: Is there a technology effect?159 cited
    • 2019Foreign direct investment, economic growth and financial sector development in Africa149 cited
    • 2023The impact of financial development on economic growth in sub-Saharan Africa. Does institutional quality matter?72 cited
    • 2019Does Governance Quality Moderate the Finance-Renewable Energy-Growth Nexus?: Evidence from Five Major Regions in the World69 cited
    • 2020Is financial development good for economic growth? Empirical insights from emerging European countries67 cited
    • 2023The role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies62 cited
    • 2022Financial development and entrepreneurship: insights from Africa52 cited
    • 2020Re-examining the causal relationships among FDI, economic growth and financial sector development in Africa49 cited
    • 2021The financial development impact of financial globalization revisited: A focus on OECD countries48 cited
    • 2019Asymmetric effects of financial development on economic growth in Ghana44 cited
    • 2021COVID-19 pandemic, a blessing or a curse for sales? A study of women entrepreneurs from Khyber Pakhtunkhwa community42 cited
    • 2020Institutions and financial development in ECOWAS42 cited
    • 2020Structural transformation in the presence of trade and financial integration in sub–Saharan Africa42 cited
    • 2023Does financial development improve economic growth? The role of asymmetrical relationships38 cited
    • 2019Finance–growth nexus in sub-Saharan Africa revisited: evidence based on a new composite index37 cited
    • 2021Capital market and economic growth in Malaysia: the role of ṣukūk and other sub-components36 cited