Financial development and manufactured exports: the african experience
Evelyn Wamboye and
Rajen Mookerjee
MPRA Paper from University Library of Munich, Germany
Abstract:
Using a sample of twenty nine African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from resources and agriculture is an important part of Africa’s growth strategy. Our results show that in eleven countries financial development causes manufactured exports and manufactured exports causes financial development in seven countries. We then explore reasons for these findings and find that a rich and surprising set of factors explain our findings.
Keywords: Financial Development; Granger Causality; Manufactured Exports; Africa (search for similar items in EconPapers)
JEL-codes: E44 E50 F13 G20 O16 O55 (search for similar items in EconPapers)
Date: 2013-04-22
New Economics Papers: this item is included in nep-afr and nep-mac
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Citations: View citations in EconPapers (1)
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Journal Article: Financial development and manufactured exports: the African experience (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:46474
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