Effects of information sharing on banking credit and economic growth in developing countries: Evidence from the West African Economic and Monetary Union

This article aims to analyse the information sharing effect on bank credit and economic growth in West African Economic and Monetary Union. A simultaneous model was tested on panel data covering the period of 2005-2015. Using the credit register cover, the results found by the two-stage least square and three-stage least square methods indicate that high information sharing does not result in obviously high bank credit and economic growth. However, results also show a nonlinear relationship between information sharing and banking credit and a nonlinear relationship between information sharing and economic growth. The results show the necessity for promoting information sharing structures.