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O16

Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

Does the Pursuit of Outreach Consistently Stifle the Financial Performance of Microfinance Institutions in sub-Saharan Africa?

Sydney Chikalipah
We study the relationship between outreach and the financial performance of 479 microfinance institutions (MFIs) in 37 countries of sub-Saharan African (SSA), covering the period 1998 to 2012. This study builds on earlier literature on the relationship between outreach and the financial performance...
Mar 2020
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Effect of Financial Development on Economic Growth in sub–Saharan Africa: Does Sectoral Growth Matter?

Muazu Ibrahim and Paul Alagidede
This paper examines the overall economic growth effect when the growth in finance and real sector is disproportionate relying on panel data for 29 sub–Saharan African countries over the period 1980–2014. Results from the system generalized method of moments (GMM) reveal that, while financial...
Jul 2018
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Spatial Externalities, Openness and Financial Development in SADC: Beyond the Multilateral Monetary Agreement

Alex Bara, Gift Mugano & Pierre Le Roux
This study empirically evaluates spatial externalities in financial development in SADC in line with spatial proximity theory, which asserts that externalities increase with proximity. Precisely, the study tests if financially less developed economies in SADC benefit from linkages with and...
Aug 2016
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Financial sector development and threshold effect of inflation in ECOWAS and SADC: A Panel smooth transition regression approach

Sulemana Mahawiya
The financial sector of an economy is now widely agreed to constitute a potential important channel for growth. Many regions such as Sub-Saharan Africa, however, have relatively underdeveloped financial sector. Although several policy designs have been used to induce growth in the sector, there has...
Aug 2015
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Financial sector development, Inflation and Openness: A comparative panel study of ECOWAS and SADC

Sulemana Mahawiya
This paper provides an empirical analysis of the comparative study between the Economic Community of West African States (ECOWAS) and Southern African Development Community (SADC) on the role of inflation in explaining the state of financial development of the two regions. In addition, the study...
Jun 2015
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Bank Deposit Contracts Versus Financial Market Participation in Emerging Economies

Alexander Zimper
The financial sector of emerging economies in Africa is characterized by a non-competitive banking sector which dominates any direct participation of agents in asset markets. Based on a variant of Diamond and Dybvig's (1983) model of financial inter-mediation, we formally explain both stylized...
Jun 2013
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On the Looting of Nations

Mare Sarr, Erwin Bulte, Chris Meissner and Tim Swanson
We develop a dynamic discrete choice model of an unchecked ruler making decisions regarding the development of a resource-rich country. Resources serve as collateral and facilitate the acquisition of loans. The ruler chooses either to stay in power while facing the risk of being ousted, or loot the...
Sep 2010
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