Financial development and economic growth nexus in SSA economies: The moderating role of telecommunication development
Financial development and economic growth nexus in SSA economies: The moderating role of telecommunication development
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DOI：
10.1080/23322039.2020.1862395
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发表时间：
2021-01-01
影响因子：
1.9
通讯作者：
Kawor, Seyram
中科院分区：
文献类型：
--
作者：
Junior Abeka, Mac;Andoh, Eric;Kawor, Seyram
大多数撒哈拉以南非洲国家过去几年的经济增长未能与其他区域持平。尽管若干实证文献强调金融发展是促进经济增长的一个因素，但撒哈拉以南非洲的金融发展水平并没有有效地转化为理想的经济增长水平。然而，文献中有迹象表明，金融发展对拥有强大电信基础设施的撒哈拉以南非洲经济体的经济增长更为重要。利用系统通用矩估计方法，本文发现电信基础设施增强了撒哈拉以南非洲经济体金融发展对经济增长的影响。因此，建议撒哈拉以南非洲经济体采取适当措施，加强其电信基础设施，以便将金融部门的收益有效地用于经济增长。
The economic growth of most sub-Saharan African countries in the past years has not been able to equalize with other regions. Even though financial development has been highlighted in several empirical literature as a factor that could spur up economic growth, the level of financial development in sub-Saharan Africa is not effectively channeled into desired levels of economic growth. However, there is an indication in the literature that financial development will be more relevant to the economic growth of sub-Saharan African economies that have strong telecommunication infrastructure. Using the system General Method of Moment estimation technique, the paper found that telecommunication infrastructure enhances the effect of financial development on the economic growth of sub-Saharan African economies. It is therefore recommended that sub-Saharan African economies should apply appropriate measures to boost their telecommunication infrastructure so that gains from the financial sector can effectively be channeled into economic growth.