INFORMAL SECTOR AND FINANCIAL DEVELOPMENT IN SUB-SAHARAN AFRICA

被引：0

作者：

Jimoh, Sodiq Olaiwola ^{[1
]}

Akande, Rashidat Sumbola ^{[1
]}

Abdulkareem, Hauwah K. K. ^{[1
]}

Jimoh, Odunayo Bidemi ^{[1
]}

Sulaimon, Taofeekat Temitope ^{[1
]}

Yusuf, Yusuf Toyin ^{[1
]}

Adegboye, Israel ^{[1
]}

Usman, Aminat Mama ^{[1
]}

机构：

[1] Kwara State Univ, Dept Econ & Dev Studies, Malete, Nigeria

来源：

INTERNATIONAL JOURNAL OF ECONOMICS MANAGEMENT AND ACCOUNTING | 2023年 / 31卷 / 02期

关键词：

Financial development; Informal sector size; Discroll-Kraay; Institutional quality; Principal component analysis; TRADE OPENNESS; INSTITUTIONS; DETERMINANTS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Since a persistent increase is seen in the size of the informal sector and its continuous coexistence alongside the formal sector and institutional development, this study empirically examines the effect of informal sector size on the financial development in Sub-Saharan Africa for the period 19962019. The study represents financial market development by the financial market depth, which is regressed against informal sector size, growth rate of GDP, interest rate, trade openness, and institutional quality index. The study relied on the estimates of the Discroll-Kraay and IV-2LS. Results indicate that informality repressed financial development, while trade openness, growth rate of gross domestic product, interest rate, and institutional quality have a positive impact on financial development. It is therefore recommended for policymakers to reduce the size of informality to improve the financial sector.JEL classification: G15, J46, E44

引用

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页码：325 / 342

页数：18

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