Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/249063 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
AGDI Working Paper No. WP/21/052
Verlag: 
African Governance and Development Institute (AGDI), Yaoundé
Zusammenfassung: 
In this study, we examine the benefits of financial integrations in four of Africa regional trade blocs: COMESA, ECCAS, CEN-SAD and ECOWAS. We regress de-jure and de-facto indices of financial integration on growth outcome using the dynamic system generalised method of moment and pooled mean group estimation procedure. Findings revealed that total foreign asset and liabilities and foreign liabilities as a percentage of GDP are inversely related to growth outcomes in COMESA. In CEN-SAD, we found that foreign liabilities as a percentage of GDP hurts growth. In ECCAS, growth-financial integration relationship showed that foreign liabilities as a percentage of GDP inhibit real per capita GDP in the long run. In ECOWAS, foreign liabilities as a percentage of GDP is inversely related to real per capita GDP in the long run. Policy implications of our findings were discussed.
Schlagwörter: 
Financial Integration
Economic Growth
system GMM
Pooled Mean Group
Regional Trade Bloc
Africa
JEL: 
F36
F43
O47
Dokumentart: 
Working Paper

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