دانلود رایگان مقاله انگلیسی پیوند بین توسعه مالی، بی ثباتی مالی، آزاد سازی مالی و رشد اقتصادی در آفریقا - الزویر 2018

عنوان فارسی
پیوند بین توسعه مالی، بی ثباتی مالی، آزاد سازی مالی و رشد اقتصادی در آفریقا
عنوان انگلیسی
Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa
صفحات مقاله فارسی
0
صفحات مقاله انگلیسی
12
سال انتشار
2018
نشریه
الزویر - Elsevier
فرمت مقاله انگلیسی
PDF
نوع مقاله
ISI
نوع نگارش
مقالات پژوهشی (تحقیقاتی)
رفرنس
دارد
پایگاه
اسکوپوس
کد محصول
E9562
رشته های مرتبط با این مقاله
اقتصاد
گرایش های مرتبط با این مقاله
اقتصاد مالی
مجله
تحقیق در امور مالی و تجاری بین المللی - Research in International Business and Finance
دانشگاه
University of Westminster - Regent Street - London W1B 2HW - United Kingdom
کلمات کلیدی
رشد اقتصادی، توسعه مالی، تجارت، بی ثباتی مالی و آفریقا
doi یا شناسه دیجیتال
http://dx.doi.org/10.1016/j.ribaf.2017.07.148
چکیده

ABSTRACT


In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth have come under increased scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development. However, others emphasise the link between financial liberalisation is intrinsically associated with financial instability which may be harmful to economic growth and development. This study assesses linkages between financial instability, financial liberalisation, financial development and economic growth in 41 African countries for the period 1985–2010. The results suggest that financial development and financial liberalisation have positive effects on financial instability. The findings also reveal that economic growth reduces financial instability and the magnitude of reduction is higher in the pre-liberalisation period compared to post-liberalisation period.

نتیجه گیری

7. Conclusion and future research directions


This paper has investigated linkages between financial instability, financial liberalisation, financial development and economic growth in African countries during the period 1985–2010, using a dynamic panel method. Two main findings are established. First, financial development and financial liberalisation have positive effects on financial instability. Second, economic growth reduces financial instability and the magnitude of reduction is higher in the pre-liberalisation period compared to post- liberalisation period. Future studies can improve extant literature by engaging cross-specific studies for more targeted policy implications. Moreover, assessing if the established linkages within empirical scrutiny in other regions is also worwhile.


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