Financial sector reforms and economic growth: the West African experience
by Mohamed Jalloh
Afro-Asian J. of Finance and Accounting (AAJFA), Vol. 4, No. 2, 2014

Abstract: Since the mid-1980s, a good number of West African countries started experimenting with policies of financial sector reforms with a view to increasing prospects for economic growth. However, the empirical evidence on the relationship between financial reforms and growth is still mixed. This study therefore assessed the extent to which economic growth has been influenced by policies of financial reforms in West Africa using panel data. In terms of relative effects, the results from this study indicate that implementing policies that raise financial reforms by 10% induce economic growth by margins of 0.5% and 0.9% in WAEMU and WAMZ countries respectively. For the overall sample of West African countries, the study shows that raising policies of financial reforms by a margin of 10% induce economic growth by approximately 0.6%. Thus, the study found that policies of financial reforms were not uniformly growth-inducing across West African countries.

Online publication date: Thu, 31-Jul-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the Afro-Asian J. of Finance and Accounting (AAJFA):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com