Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach

By Kojo Menyah, Ş. Nazlıoğlu, Y. Wolde‐Rufael. 2014

623 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/2c892c383d6ff540b7c454340b701ac3305613eb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Y. Keho
2. Emrah Koçak
3. Mak B. Arvin
4. Tony Nwanji
5. A. Lawal
6. Jagadish Prasad Bist
7. Victor Ahmed
8. John H. Hall

In Information Systems

1. Y. Keho
2. Tony Nwanji
3. A. Lawal
4. Jagadish Prasad Bist
5. Victor Ahmed
6. Sahar Bahmani
7. Rudra Prakash Pradhan
8. Mak B. Arvin

Citations in the corpus

• Financial Development, Environmental Quality, Trade and Economic Growth: What Causes What in MENA Countries (2015, neutral): “The result is consistent with the findings of Menyah et al. (2014).”
• Financial development and economic growth: Evidence from a panel of 16 African and non-African low-income countries (2018, methodology): “However, Menyah et al. (2014) using a data-set of 21 African countries do not Page 6 of 17 find strong support for finance-led- growth evidence.”
• Differential effects of trade on economic growth and investment: A cross-country empirical investigation (2015, background): “Morris and Fessehaie (2014) show that the extent of export concentration in Africa is high, not only at the sectoral level but 3 Although average tariffs have been used in some studies in the past, variation in average tariffs may not be big enough to draw conclusions, especially given the vast…”
• Economic growth, financial development and trade openness in Nigeria: An application of the ARDL bound testing approach (2016, methodology): “The choice to test the validity of the assumption of the existence of a long-run association of economic growth with financial development and trade openness in a single study is influenced by the works of Bojanic (2012) and Menyah et al. (2014).”
• The impact of trade openness on economic growth: The case of Cote d’Ivoire (2017, background): “Menyah, Nazlioglu, and Wolde-Rufael (2014) investigate the causal nexus among financial development, trade openness and economic growth for 21 Sub-Saharan African countries.”
• The impact of urbanization on energy intensity: Panel data evidence considering cross-sectional dependence and heterogeneity (2017, background): “Besides, the homogeneity assumption can mask country-specific characteristics [73].”
• Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries (2014, background): “…of relationships: first, the link between banking sector development and economic growth (Christopoulos & Tsionas, 2004; Majid & Mahrizal, 2007; Menyah et al., 2014; Moshirian & Wu, 2012; Tang, 2005); and second, the link between stock market development and economic growth (Choong, Yusop,…”
• Does Infrastructure Really Explain Economic Growth in Sub-Saharan Africa? (2016, background): “…broad money supply (M2) to GDP which indicates he size of financial intermediation (Calderón and Liu, 2003; assan et al., 2011) and ratio of credit to the private sector to DP which represents the actual resources that are channeled to he private sector (Hassan et al., 2011; Menyah et al., 2014).”