Financial sector development, economic volatility and shocks in sub-Saharan Africa

2017 ◽  
Vol 484 ◽  
pp. 66-81 ◽  
Author(s):  
Muazu Ibrahim ◽  
Paul Alagidede
Keyword(s):  
Financial Sector ◽  
Sub Saharan Africa ◽  
Development Economic ◽  
Financial Sector Development ◽  
Economic Volatility ◽  
Sub Saharan

scholarly journals The Effect of Financial Sector Development on Economic Growth of Selected Sub-Saharan African Countries

2020 ◽  
Vol 23 (2) ◽  
Author(s):  
Dagim Tadesse Bekele ◽  
Adisu Abebaw Degu
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Private Sector ◽  
Financial Institutions ◽  
Adult Population ◽  
Financial Sector ◽  
Dynamic Panel Data ◽  
Sub Saharan Africa ◽  
Financial Sector Development ◽  
Sub Saharan

Finance-growth nexus is among the main debatable issue in economics and policymaking. So, this research tried to look at the effect of financial sector development on the economic growth of 25 sub-Saharan Africa countries by using panel data for time 2010-2017. Precisely, three dynamic panel data models which look the effect of financial sector depth, access and efficiency on economic growth were estimated by two-step system GMM estimation. In this research, credit extended to the private sector per GDP, commercial bank branch per 100,000 adult population, and Return to assets were used as a proxy for financial sector depth, access, and efficiency, respectively. Accordingly, the results revealed financial sector depth, access, and efficiency have a positive and statistically significant effect on the economic growth of these countries.  It is therefore recommended for the concerned bodies that broadening the depth of financial institutions by giving more credit for the private sector is essential. Besides, the financial institutions will have to be expanded to increase their accessibility to the mass and have to take some measures which promote their efficiency. 

Financial inclusion and financial sector development in Sub-Saharan Africa: a panel VAR approach

2019 ◽  
Vol 15 (4) ◽  
pp. 444-463
Author(s):  
Ebenezer Bugri Anarfo ◽  
Joshua Yindenaba Abor ◽  
Kofi Achampong Osei ◽  
Agyapomaa Gyeke-Dako
Keyword(s):  
Financial Sector ◽  
Financial Inclusion ◽  
Sub Saharan Africa ◽  
Outcome Variable ◽  
Panel Var ◽  
Full Sample ◽  
Content Type ◽  
Financial Sector Development ◽  
Sub Saharan ◽  
Dynamic Link

Purpose The purpose of this paper is to investigate the dynamic link between financial inclusion and financial sector development (FSD) in Sub-Saharan Africa. Design/methodology/approach This paper employs a panel vector autoregressive framework to examine the dynamic link between financial inclusion and FSD in Sub-Saharan Africa. Findings The findings indicate that there is a reverse causality between FSD and financial inclusion in both the Sub-Saharan Africa countries sample and the full sample. It is evident that financial inclusion is a driver of FSD and vice versa. Practical implications The practical implication of this study is that financial inclusion should not only be pursued as a policy objective but it could also be an outcome variable of FSD and vice versa. This implies that African economies and governments in their effort to enhance financial inclusion, FSD can serve as a policy tool. This means that policies aimed at promoting financial inclusion will not impede FSD because the two are complementary. This suggests that we can achieve financial inclusion without sacrificing FSD and vice versa. Originality/value This paper provides first empirical evidence of the link between financial inclusion and FSD from the Sub-Saharan Africa perspective using data sourced from World Development Indicators spanning from 1990 to 2014 for 48 Sub-Saharan African economies and 217 economies in the world for the full sample.

Financial inclusion and migrant remittances in Sub-Saharan Africa: a panel VAR approach

2020 ◽  
Vol 47 (7) ◽  
pp. 809-829
Author(s):  
Ebenezer Bugri Anarfo ◽  
Godfred Amewu ◽  
Gloria Clarissa Dzeha
Keyword(s):  
Economic Growth ◽  
Peer Review ◽  
Financial Sector ◽  
Financial Inclusion ◽  
Sub Saharan Africa ◽  
Content Type ◽  
Financial Sector Development ◽  
Sub Saharan ◽  
Migrant Remittances ◽  
Practical Implications

PurposeThis study examines the causal and dynamic link between financial inclusion and migrant remittances in sub-Saharan Africa.Design/methodology/approachThe study employed a panel vector autoregressive (VAR) framework to examine the dynamic relationship between financial inclusion and migrant remittances in sub-Saharan Africa.FindingsThe findings indicate that there is a reverse causality between financial inclusion and migrant remittances in sub-Saharan Africa.Practical implicationsThe practical implications of these findings are that central governments and economic policymakers in sub-Saharan African countries should formulate and implement policies aimed at fostering financial inclusion if they are to attract more migrant remittances to promote economic growth and financial sector development. This suggests that these two variables are complementary and not contradictory. The results also suggest that central banks and other financial institutions can leverage the positive effect of financial inclusion of financial sector development to enhance the development of the financial sector instead of pursuing financial sector development as a policy objective. This means policies aimed at promoting financial inclusion will not impede or sacrifice migrant remittances, economic growth and financial sector development.Originality/valueThis paper is the first to construct a financial inclusion index to examine the link between financial inclusion and migrant remittances from the sub-Saharan Africa perspectivePeer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2019-0612/

Governance and Regional Variation of Homicide Rates

2016 ◽  
Vol 61 (1) ◽  
pp. 25-45 ◽  
Author(s):  
Liqun Cao ◽  
Yan Zhang
Keyword(s):  
Spatial Regression ◽  
Sub Saharan Africa ◽  
Development Economic ◽  
Data Sets ◽  
Asian Countries ◽  
Ceteris Paribus ◽  
Region Data ◽  
Sub Saharan ◽  
Criminological Theories ◽  
Cross National

Criminological theories of cross-national studies of homicide have underestimated the effects of quality governance of liberal democracy and region. Data sets from several sources are combined and a comprehensive model of homicide is proposed. Results of the spatial regression model, which controls for the effect of spatial autocorrelation, show that quality governance, human development, economic inequality, and ethnic heterogeneity are statistically significant in predicting homicide. In addition, regions of Latin America and non-Muslim Sub-Saharan Africa have significantly higher rates of homicides ceteris paribus while the effects of East Asian countries and Islamic societies are not statistically significant. These findings are consistent with the expectation of the new modernization and regional theories.

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