Financial development, inflation and growth in selected West African countries
by Ibrahim Dolapo Raheem; Mutiu Abimbola Oyinlola
International Journal of Sustainable Economy (IJSE), Vol. 7, No. 2, 2015

Abstract: The study examined a nonlinear relationship between inflation and growth through financial development using data for Nigeria, Ghana and Cote d'Ivoire for periods between 1970 and 2010. The threshold value of inflation that could ensure positive association in the finance-growth nexus was empirically determined. Our results confirmed the existence of threshold with estimates that suggest that the threshold level of inflation is between 5% and 10% per annum for Ghana, and 15% per annum for Nigeria and Cote d'Ivoire.

Online publication date: Wed, 08-Apr-2015

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