Financial Determinants of Domestic Investment in Sub-Saharan Africa: Evidence from Panel Data

By L. Ndikumana. 2000

318 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/86e8c3a8c82460d831157eded14f706962e51e69

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Citations in the corpus

Foreign Direct Investment, Economic Growth and Financial Sector Development in Small Open Developing Economies (2012, background): “The growth rate of real per capita GDP was negative, in the 1980s and 1990s for instance, for the majority of SSA economies (Ndikumana, 2000).”
Capital flight from sub‐Saharan Africa: linkages with external borrowing and policy options (2011, unknown): “In recent decades, African economies have achieved significantly lower investment levels than other developing countries (International Finance Corporation 1998; Ndikumana 2000).”
Financial development and economic growth in the Middle East (2005, methodology): “Credit to the private sector has been used also by Gregorio and Guidotti (1995) and Ndikumana (2000). Real M1 and real government spending are used in the analysis to capture macroeconomic policies that may be associated with economic growth. Table 1 presents the results of unit root testing for the”
Linkages between Financial Deepening, Trade Openness and Economic Development: Causality Evidence from Sub-Saharan Africa (2009, methodology): “We use the unit root test following Phillips and Perron (1988), the PP test.”
Financial Development, Financial Structure and Domestic Investment: International Evidence (2005, background): “…that strongly supports the view that financial development has a positive effect on various aspects of real economic activity, including investment (Ndikumana 2000; Rajan and Zingales 1998; Demirgüç-Kunt and Maksimovic 1996), employment, productivity, and long run economic growth (Levine, Loayza,…”
How has Mobile Phone Penetration Stimulated Financial Development in Africa? (2013, background): “(b) Government expenditure could decrease financial depth if the budget allocated for investment is misallocated through corrupt practices (Ndikumana, 2000).”
New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options (2008, background): “In recent decades, African economies have achieved significantly lower investment levels than other developing countries (International Financial Corporation, 1998; Ndikumana, 2000). Moreover, evidence in the literature shows that the African continent is the most capital-scarce among all developing”