Economic performance in Africa
The role of fragile financial system
Bibliographic Data
| ID | 21543343 |
|---|---|
| Authors | John Nkwoma Inekwe (0000-0002-8381-5613, Macquarie University Sydney NSW Australia, corresponding author) |
| Year | 2022 |
| Volume | 45 |
| Issue | 6 |
| Pages | 1910-1936 |
| Publication date | 2022-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Economy (JOURNAL) |
| Journal identifiers | ISSN: 0378-5920 • E-ISSN: 1467-9701 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/twec.13225 |
| OpenAlex | W3211425266 |
| Language | EN |
| References cited | 90 |
We relate risk in the African financial system to its long‐run economic performance under structural changes and cross‐sectional dependence. To achieve this objective, we generate risk indexes from several measures of financial soundness. We find a long‐run relationship between financial risk factors and economic performance indicators. Financial risk factors induce about 3% fall in RGDPP in the long‐run. This impact is huge in Kenya, Nigeria, Madagascar, Mauritius and Rwanda, whereas a reduction in employment is more prominent in Kenya, Madagascar and South Africa in this order. The capital risk index is more relevant in explaining economic performance in Africa
Development economics · Economics · Financial risk · Financial system · Geography · Soundness · Banking stability, regulation, efficiency · Financial Markets and Investment Strategies · Insurance and Financial Risk Management · Finance
Analysis of Incomplete Multivariate Data
Estimating long-run relationships from dynamic heterogeneous panels
A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
Breaking the panels
The Calculation of Posterior Distributions by Data Augmentation
Enhanced Routines for Instrumental Variables/Generalized Method of Moments Estimation and Testing
Testing Weak Cross-Sectional Dependence in Large Panels
Does too much finance harm economic growth?
Public debt and growth
Finance and Growth
Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors
Too much finance?
A Simple Test for Cointegration in Dependent Panels with Structural Breaks
Finance, entrepreneurship and growth
Financial markets and the allocation of capital
Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure
A simple panel unit root test in the presence of cross‐section dependence
Finance, inequality and the poor
The Financial Accelerator and the Flight to Quality
Financial development and economic growth
Does one size fit all
Does financial development cause economic growth? Time-series evidence from 16 countries
Alternative econometric approaches for analysing the role of the financial sector in economic growth
The exploration of economic crises
Credit Cycles
Why Does the Economy Fall to Pieces after a Financial Crisis
Financial Distress, Employees' Welfare and Entrepreneurship Among SMEs
| Highly cited | No |
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