Financial sector development and industrialization
Lessons and prospects for Ethiopia
Bibliographic Data
| ID | 12917914 |
|---|---|
| Authors | Hang Yu (0000-0003-0548-1133, Peking University, corresponding author), Jiaqi Zhao (0000-0003-3754-2201, Peking University) |
| Year | 2024 |
| Volume | 17 |
| Issue | 2 |
| Pages | 300-321 |
| Publication date | 2024-04-23 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | China Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 1753-8963 • E-ISSN: 1753-8971 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/17538963.2024.2345537 |
| OpenAlex | W4395050407 |
| Language | EN |
| Citations received | 1 |
| References cited | 24 |
A functional and efficient financial sector is essential for the industrial advancement of a nation. In the context of Ethiopia’s rapidly growing economy, this study examines the limitations imposed by its underdeveloped financial sector on the country’s economic advancement and explores viable policy interventions. Characterized by state-owned bank dominance, a scarcity of non-bank financial institutions, and deficient infrastructure, Ethiopia’s financial system perpetuates widespread financial exclusion. This exclusion hinders industrial transformation, stifles local business growth, and narrows financing avenues for foreign entities. Insights from China’s shift toward market-oriented financial reforms and Kenya’s fintech innovations suggest a path for Ethiopia involving clear, gradual reforms. Strategic steps could include diversifying financial institutions, improving financial infrastructure, advancing mobile payment solutions, and adopting more versatile financing methods to address the financial challenges of industrialization
Business · China · Context (archaeology · Dominance (genetics · Economics · Financial inclusion · Financial intermediary · Financial sector · Financial sector development · Financial services · Financial system · Geography of finance · Industrialisation · Market economy · Political science · Scarcity · Banking stability, regulation, efficiency · FinTech, Crowdfunding, Digital Finance · Microfinance and Financial Inclusion · Finance
Ethiopia Financial Sector Development
The Microfinance Promise
Finance and the sources of growth
Risk Sharing and Transactions Costs
The long-run poverty and gender impacts of mobile money
Financial Intermediation and Delegated Monitoring
Finance and Growth
Mobile Money
FDI and economic growth
Chapter 12 Finance and Growth
Does mobile money use increase firms’ investment? Evidence from Enterprise Surveys in Kenya, Uganda, and Tanzania
Does foreign direct investment promote growth? Exploring the role of financial markets on linkages
Fintech and household resilience to shocks
Bank Runs, Deposit Insurance, and Liquidity
Financial Development, Growth, and the Distribution of Income
Geographies of Financial Exclusion
How does foreign direct investment affect economic growth
Economic Backwardness in Historical Perspective
| Citation velocity | historical |
|---|---|
| Highly cited | No |