Arbeitspapier
Is financial development shaping or shaking economic sophistication in African countries?
This paper aims to investigate the effect of financial development on economic complexity using a panel dataset of 24 African countries over the period 1983-2017. The empirical evidence is based on two different approaches. First, we adopt the Hoechle (2007) procedure which produces Driscoll-Kraay standard errors to account for heteroscedasticity and cross-sectional dependence. Second, we implement the system Generalized Method of Moments to account for endogeneity. The results show that financial development increases economic complexity in Africa. Looking at the regional difference, the results show that this effect is less beneficial for SSA countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: AGDI Working Paper ; No. WP/21/018
- Klassifikation
-
Wirtschaft
Financial Institutions and Services: General
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
Institutions and the Macroeconomy
Capitalist Systems: Property Rights
Economywide Country Studies: Africa
- Thema
-
Financial development
Economic complexity
Panel data analysis
Africa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ndieupa, Henri Njangang
Asongu, Simplice
Tadadjeu, Sosson
Nounamo, Yann
- Ereignis
-
Veröffentlichung
- (wer)
-
African Governance and Development Institute (AGDI)
- (wo)
-
Yaoundé
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ndieupa, Henri Njangang
- Asongu, Simplice
- Tadadjeu, Sosson
- Nounamo, Yann
- African Governance and Development Institute (AGDI)
Entstanden
- 2021
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