Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/123630 
Year of Publication: 
2014
Series/Report no.: 
AGDI Working Paper No. WP/14/015
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This article empirically estimates a micro-founded model with the aim to investigate the leading macroeconomic determinants and dynamics of financial deepening in the CEMAC sub-region. For this purpose, we adopted an empirical investigation in both static and dynamic panel data econometrics which has led to the following global recommendations: firstly, the CEMAC sub-region authorities should implement expansionary policies of GDP growth rate, population density, savings rate and exchange rate. Secondly, they should review their policy of trade liberalization since it appears to be negatively related to financial deepening. Concerning the dynamic aspect, a convergent dynamic and the feasibility of common monetary policy targeting depth in CEMAC sub-region have been highlighted.
Subjects: 
Financial deepening
panel data econometrics
CEMAC
principal component analysis
economic growth.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.