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What is Financial Development and Growth in SSA about?

This document examines the relationship between financial development and economic growth in 10 Sub-Saharan African countries using vector error correction modeling. It finds that financial development is cointegrated with economic growth in the long run in these countries. The results show that financial development Granger causes economic growth in 4 countries, economic growth Granger causes financial development in 1 country, and there is bidirectional causality in 5 countries. Overall, the results indic

Author

Luthfullah Khan

Language

EN