Arbeitspapier
Tribalism and Financial Development
We assess the correlations between tribalism and financial development in 123 countries using data averages from 2000-2010. The tribalism index is used to measure tribalism whereas financial development is measured from perspectives of financial intermediary and stock market developments. The long-term variable is stock market capitalisation while short-run indicators include: private and domestic credits. We find that tribalism is negatively correlated with financial development and the magnitude of negativity is higher for financial intermediary development relative to stock market development. The findings are particularly relevant to African and Middle Eastern countries where the scourge is most pronounced.
- Language
-
Englisch
- Bibliographic citation
-
Series: AGDI Working Paper ; No. WP/15/018
- Classification
-
Wirtschaft
Fiscal Policy
Structure, Scope, and Performance of Government
Taxation, Subsidies, and Revenue: General
Financial Institutions and Services: General
Institutions and Growth
- Subject
-
Tribalism
Financial Development
- Event
-
Geistige Schöpfung
- (who)
-
Asongu, Simplice A.
Kodila-Tedika, Oasis
- Event
-
Veröffentlichung
- (who)
-
African Governance and Development Institute (AGDI)
- (where)
-
Yaoundé
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Asongu, Simplice A.
- Kodila-Tedika, Oasis
- African Governance and Development Institute (AGDI)
Time of origin
- 2015
Other Objects (12)
Financial development dynamic thresholds of financial globalization: evidence from Africa
Are financial benefits of financial globalization questionable until greater domestic financial development has taken place?
African Financial Development Dynamics: Big Time Convergence
Financial Determinants of Human Development in Developing Countries
New financial intermediary development indicators for developing countries
Globalization, Financial Development and Regional Economic Dynamics: asymmetric panel evidence from Africa
Linkages between Investment Flows and Financial Development: Causality Evidence from Selected African Countries
How has Mobile Banking Stimulated Financial Development in Africa?
How has Mobile Phone Penetration Stimulated Financial Development in Africa?
Globalization and Financial Market Contagion: Evidence from Financial Crisis and Natural Disasters
New financial development indicators: with a critical contribution to inequality empirics
Globalization, financial crisis and contagion: time-dynamic evidence from financial markets of developing countries
Financial development dynamic thresholds of financial globalization: evidence from Africa
Are financial benefits of financial globalization questionable until greater domestic financial development has taken place?
African Financial Development Dynamics: Big Time Convergence
Financial Determinants of Human Development in Developing Countries
New financial intermediary development indicators for developing countries
Globalization, Financial Development and Regional Economic Dynamics: asymmetric panel evidence from Africa
Linkages between Investment Flows and Financial Development: Causality Evidence from Selected African Countries
How has Mobile Banking Stimulated Financial Development in Africa?
How has Mobile Phone Penetration Stimulated Financial Development in Africa?
Globalization and Financial Market Contagion: Evidence from Financial Crisis and Natural Disasters
New financial development indicators: with a critical contribution to inequality empirics
Globalization, financial crisis and contagion: time-dynamic evidence from financial markets of developing countries
Financial development dynamic thresholds of financial globalization: evidence from Africa
Are financial benefits of financial globalization questionable until greater domestic financial development has taken place?
African Financial Development Dynamics: Big Time Convergence
Financial Determinants of Human Development in Developing Countries
New financial intermediary development indicators for developing countries
Globalization, Financial Development and Regional Economic Dynamics: asymmetric panel evidence from Africa
Linkages between Investment Flows and Financial Development: Causality Evidence from Selected African Countries
How has Mobile Banking Stimulated Financial Development in Africa?
How has Mobile Phone Penetration Stimulated Financial Development in Africa?
Globalization and Financial Market Contagion: Evidence from Financial Crisis and Natural Disasters
New financial development indicators: with a critical contribution to inequality empirics