Financial Development, Human Capital Accumulation and Economic Growth: Empirical Evidence from the Economic Community of West African States (ECOWAS)

被引：32

作者：

Abubakar, Abdulsalam ^{[1
]}

Kassim, Salina Hj. ^{[1
]}

Yusoff, Mohammed B. ^{[1
]}

机构：

[1] Int Islamic Univ, Jalan Gombak, Kuala Lumpur 53100, Malaysia

来源：

CONTEMPORARY ISSUES IN MANAGEMENT AND SOCIAL SCIENCE RESEARCH | 2015年 / 172卷

关键词：

Financial development; human capital; economic growth; ECOWAS; panel cointegration; panel causality; UNIT-ROOT TESTS; PANEL-DATA; COINTEGRATION;

D O I：

10.1016/j.sbspro.2015.01.341

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

Recently, much attention is given to financial-growth nexus, but largely via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel in the ECOWAS region. It employed panel cointegration approaches as well as the FMOLS, DOLS. The results revealed that bank private credit and domestic private credit contribute significantly to economic growth in the ECOWAS, both directly and through their influence on human capital accumulation. These results imply that providing access to credit to both enterprises and individuals, through appropriate financial policies, will encourage economic growth in the ECOWAS region. (C) 2015 The Authors. Published by Elsevier Ltd.

引用

页码：96 / 103

页数：8

共 50 条

[1] Energy consumption and economic growth: Evidence from the economic community of West African States (ECOWAS)
Ouedraogo, Nadia S.
[J]. ENERGY ECONOMICS, 2013, 36 : 637 - 647
[2] Economic institutions and economic growth: Empirical evidence from the Economic Community of West African States
Wanjuu, Lazarus Z.
le Roux, Pierre
[J]. SOUTH AFRICAN JOURNAL OF ECONOMIC AND MANAGEMENT SCIENCES, 2017, 20 (01):
[3] INTERNATIONAL TRADE OPENNESS AND ECONOMIC GROWTH IN THE ECONOMIC COMMUNITY OF WEST AFRICAN STATES (ECOWAS)
Cisse, Abdoulaye
[J]. ENJEUX DU DEVELOPPMENT ECONOMIQUE, FINANCIER ET ECOLOGIQUE DANS UNE MONDIALISATION RISQUEE, 2018, : 77 - 92
[4] ECONOMIC-COMMUNITY OF WEST-AFRICAN STATES (ECOWAS)
YANSANE, AY
[J]. REVIEW OF BLACK POLITICAL ECONOMY, 1977, 7 (03): : 215 - 237
[5] Corruption, Political Instability and Economic Development in the Economic Community of West African States (ECOWAS): Is There a Causal Relationship?
Abu, Nurudeen
Abd Karim, Mohd Zaini
Aziz, Mukhriz Izraf Azman
[J]. CONTEMPORARY ECONOMICS, 2015, 9 (01) : 45 - 60
[6] Electricity consumption and industrial output: fresh evidence from economic community of West African states (ECOWAS)
Onatunji, Olufemi Gbenga
[J]. JOURNAL OF ECONOMIC AND ADMINISTRATIVE SCIENCES, 2022,
[7] REGIONALISM AS A TOOL FOR PROMOTING ECONOMIC AND REGIONAL DEVELOPMENT: A CASE STUDY OF THE ECONOMIC COMMUNITY OF WEST AFRICAN STATES (ECOWAS)
Porter, Jesse K.
Osei-Hwedie, Bertha Z.
[J]. ECONOMIC AND SOCIAL DEVELOPMENT: 10TH INTERNATIONAL SCIENTIFIC CONFERENCE ON ECONOMIC AND SOCIAL DEVELOPMENT, 2015, : 31 - 38
[8] Is terrorism a spoilsport for the sustainability of economic development?: evidence from the economic community of West African states
Adeve, Komlan Ametowoyo
[J]. INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS, 2023, 50 (07) : 956 - 968
[9] The dynamics of financial development, environmental degradation, economic growth and population health in the Economic Community of West African States
Prempeh, Kwadwo Boateng
Frimpong, Joseph Magnus
Yeboah, Samuel Asuamah
[J]. ENVIRONMENTAL & SOCIO-ECONOMIC STUDIES, 2024, 12 (02): : 13 - 27
[10] Macroeconomic Determinants of Unemployment: Empirical Evidence from Economic Community of West African States
Folawewo, Abiodun O.
Adeboje, Oluwafemi M.
[J]. AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT, 2017, 29 (02): : 197 - 210

← 1 2 3 4 5 →