Institutions and the financial development–economic growth nexus in sub‐Saharan Africa

Using a sample splitting approach that does not impose an exogenous quadratic term, we examine the effect of financial development on economic growth in sub‐Saharan Africa by allowing the link to be mediated by the level of institutions. Our findings reveal a disproportionate growth‐enhancing effect...

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Bibliographic Details
Published in:Economic notes - Monte Paschi Siena 2020-11, Vol.49 (3), p.n/a
Main Authors: Aluko, Olufemi A., Ibrahim, Muazu
Format: Article
Language:English
Subjects:
Economic development
Economic growth
Finance
financial development
Financial institutions
Governance
Institutions
Political risk
threshold effect
Thresholds
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