Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests
Africa Journal of Blackwell Publishing Ltd, Vol.27, NO.3, p.187-198
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| Format: | Journal |
| Language: | English |
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Blackwell Publishing Ltd
2020
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| Online Access: | https://ir.oauife.edu.ng/handle/123456789/5066 |
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| author | Egbetunde, Tajudeen Akinlo, Akinlo |
| author_facet | Egbetunde, Tajudeen Akinlo, Akinlo |
| author_sort | Egbetunde, Tajudeen |
| collection | DSpace |
| description | Africa Journal of Blackwell Publishing Ltd, Vol.27, NO.3, p.187-198 |
| format | Journal |
| id | oai:ir.oauife.edu.ng:123456789-5066 |
| institution | My University |
| language | English |
| publishDate | 2020 |
| publisher | Blackwell Publishing Ltd |
| record_format | dspace |
| spelling | oai:ir.oauife.edu.ng:123456789-50662023-05-13T11:13:18Z Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests Egbetunde, Tajudeen Akinlo, Akinlo Financial Globalization Economic Growth Cointegration Africa Africa Journal of Blackwell Publishing Ltd, Vol.27, NO.3, p.187-198 This paper examines the long-run relationship between financial globalization and economic growth in subSaharan Africa using panel unit root tests, panel cointegration tests and panel multivariate ECM. The study finds that the variables are stationary at first difference — I(1). Also, the results reveal that all the variables are cointegrated, that is, they are related in the long run. The results of the ECT test within the framework of panel multivariate ECM confirm the cointegration tests. The paper concludes that there is a long-run relationship between financial globalization and economic growth in subSaharan Africa. The paper argues that sub-Saharan African economies will benefit from the era of financial globalization in the long run in as much as the governments promote and encourage sound macroeconomic policies and strong institutions. 2020-01-16T11:53:49Z 2020-01-16T11:53:49Z 2015 Journal DOI: 10.1111/1467-8268.12140 https://ir.oauife.edu.ng/handle/123456789/5066 en application/pdf Blackwell Publishing Ltd |
| spellingShingle | Financial Globalization Economic Growth Cointegration Africa Egbetunde, Tajudeen Akinlo, Akinlo Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests |
| title | Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests |
| title_full | Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests |
| title_fullStr | Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests |
| title_full_unstemmed | Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests |
| title_short | Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests |
| title_sort | financial globalization and economic growth in sub saharan africa evidence from panel cointegration tests |
| topic | Financial Globalization Economic Growth Cointegration Africa |
| url | https://ir.oauife.edu.ng/handle/123456789/5066 |
| work_keys_str_mv | AT egbetundetajudeen financialglobalizationandeconomicgrowthinsubsaharanafricaevidencefrompanelcointegrationtests AT akinloakinlo financialglobalizationandeconomicgrowthinsubsaharanafricaevidencefrompanelcointegrationtests |