Idioma:

Does financial development promote export diversification in Sub-Saharan Africa?

Richard Kofi Akoto ; Charles Adjasi

Journal of economic research, 2020-08, Vol.25 (2), p.155-178

Texto completo disponível

Citações Citado por

Título:
Does financial development promote export diversification in Sub-Saharan Africa?
Autor: Richard Kofi Akoto ; Charles Adjasi
Assuntos: export diversification ; Financial development ; sub-Saharan Africa ; trade receipts
É parte de: Journal of economic research, 2020-08, Vol.25 (2), p.155-178
Notas: The Hanyang Economic Research Institute Hanyang University
Descrição: This paper examines the effect of financial sector development on export diversification of 41 sub-Saharan Africa countries using data for the period 1995-2013. The empirical results using dynamic panel system generalized methods of moments (System-GMM) estimation technique show that high financial development promotes export diversification in sub-Saharan Africa. The finding underscores the importance of financial sector development policies in sub-Saharan Africa to stimulate export diversification. Specifically, it is necessary to increase the roll out of financial infrastructure across sub-Saharan Africa to widen the extent of financial access. Government should also ensure macroeconomic stability to support financial sector development in the various sub-Saharan Africa countries.
Editor: 한양대학교 경제연구소
Idioma: Coreano

Voltar para lista de resultados