Developpement Financier, Institutions et Croissance Economique en Afrique Subsaharienne : Cointegration et Causalite par les Var en Panel

Diandy, Idrissa Yaya

doi:10.12816/0045343

Cited by 2 publications

(3 citation statements)

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“…It is worth noting that, unlike the isolated and direct effects, the interactions strengthen the impact on competitiveness in all models. These results are similar to those obtained by Demetriades and Law (2006), Kim et al (2010), Kane and Diandy (2019) and Bekana (2023). We can conclude that it is only in the long run that WAEMU countries can have the quality of institutions which can positively affect the financial system and guarantee competitive economies.…”

Section: Long-run Resultssupporting

confidence: 88%

“…In the African context, the role of institutional quality in FD has also been highlighted. Kane and Diandy (2019) examine the causal relationship between FD and economic growth by considering the quality of the institutional environment. Using a sample of 20 SSA countries over the period 1980-2015, they show that institutional quality impacts FD.…”

Section: Empirical Reviewmentioning

confidence: 99%

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Short- and long-run relationship between financial development and economic competitiveness in WAEMU: does institutional quality matter?

Sigue,

Drabo,

Woni

et al. 2023

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Purpose This paper aims to assess the short- and long-run effects of the interaction between institutional quality and financial development (FD) on the competitiveness of the WAEMU economy over the period 2007–2018. Design/methodology/approach The methodology consisted of cross-referencing a synthetic indicator of FD with indicators of institutional quality and then estimating an auto regressive distributed lag model. Findings The results of the pooled mean group and dynamic fixed effect estimation show a positive and significant impact of this interaction on the competitiveness of the economy in the long run. In the short run, the results are quite similar to those in the long run for the direct effects but different for the crosses. Also, the analysis of country specificity shows that the results are similar to those in the short run since the interaction between FD and institutional quality (political stability and government effectiveness) negatively affects the competitiveness of Burkina Faso, Ivory Coast and Mali, and positively affects the competitiveness of Benin and Senegal. Social implications These results suggest the need for effective policies to improve the quality of institutions to enhance the mobilization of financial resources through FD to ensure the competitiveness of economies. Improving the quality of the political and institutional environment is a prerequisite for economic competitiveness. Originality/value The paper is in line with the New Institutional Economics that developed in the 1970s. This referential framework is a heterogeneous body of work that encompasses works whose common point is the determination of the role of institutions in economic coordination. Unlike previous studies, which have focused on the contribution of the interaction between institutional quality variables and FD on economic growth, this paper analyzes the effects of this interaction on economic competitiveness. It, therefore, constitutes a contribution to this literature and aims primarily to fill this gap.

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Section: Long-run Resultssupporting

confidence: 88%

Section: Empirical Reviewmentioning

confidence: 99%

Short- and long-run relationship between financial development and economic competitiveness in WAEMU: does institutional quality matter?

Sigue,

Drabo,

Woni

et al. 2023

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“…L'existence d'une multiplicité d'équilibre de croissance endogène associé à différents niveaux de développement financier est confirmée parEggoh et Villieu (2013).Sur le plan empirique, les auteurs identifient entre autres sources de la non-linéarité le niveau de développement financier et le niveau de revenu.-Le niveau de développement financier comme variable de seuil A l'aide des études sur données de panel, divers auteurs montrent que le niveau de développement financier est à l'origine de la non-linéarité entre le DSF et la croissance. On peut citer à cet effetRioja et Valev (2004), Rousseau et Wachtel (2011),Arcand et al (2012),Cecchetti et Kharroubi (2012),Eggoh et Villieu (2013), Law et Singh (2014), Cleays (2016 etDiandy (2018). Ces travaux révèlent que : le développement financier n'a pas d'effet significatif sur la croissance dans les pays financièrement sous-développés ; il favorise la croissance dans les pays financièrement développés ; il la freine dans les pays financièrement très développés.…”

unclassified

Développement du système financier et croissance économique

MEGNIGANG¹

2021

J.o A.F.

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Objectif :cet article analyse la relation entre le développement du système financier et la croissance économique en utilisant les données de 40 pays del’Afrique Subsahariennesur la période 2004-2015. Méthodologie : Il s’inspire des travaux de Eggoh et villieu (2013) pour spécifier un modèle non-linéaire de croissance, qui est estimé par la méthode des Moments Généralisés en système. Résultats : la relation entre le développement financier et la croissance est non-linéaire avec la forme en cloche, traduisant ainsi l’existence des effets de seuil dans la relation. Un niveau de développement financier trop élevé pourrait plutôt nuire à la croissance du PIB. Le développement financier apparait donc comme une condition nécessaire mais non suffisante pour qu’il y ait croissance économique. Originalité :l’étude tient compte du caractère multidimensionnel du développement financier en construisant par laméthode de l’analyse en composante principale, un indicateur composite qui intègre six dimensions du développement financier.

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Developpement Financier, Institutions et Croissance Economique en Afrique Subsaharienne : Cointegration et Causalite par les Var en Panel

Cited by 2 publications

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Short- and long-run relationship between financial development and economic competitiveness in WAEMU: does institutional quality matter?

Short- and long-run relationship between financial development and economic competitiveness in WAEMU: does institutional quality matter?

Développement du système financier et croissance économique

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