The threshold effect of political institutions on the finance-growth nexus: Evidence from Sub-Saharan Africa

被引:0
|
作者
Benayed, Walid [1 ]
Bougharriou, Nouha [2 ]
Gabsi, Foued Badr [2 ]
机构
[1] Univ Gabes, Higher Inst Management Gabes, Gabes, Tunisia
[2] Univ Sfax, Fac Econ & Management Sfax, Sfax, Tunisia
来源
ECONOMICS BULLETIN | 2020年 / 40卷 / 03期
关键词
MARKETS;
D O I
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中图分类号
F [经济];
学科分类号
02 ;
摘要
This study explores the effect of political institutions on the finance-growth nexus for a sample of 24 Sub-Saharan African countries over the period 2002-2011. Using the recent dynamic panel threshold model proposed by Seo and Shin (2016), we found that financial development has a growth-enhancing effect only in countries with strong political institutions. The results are robust across different institutional indicators.
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页数:11
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