Wamboye, Evelyn and Mookerjee, Rajen (2013): Financial development and manufactured exports: the african experience.
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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.
Item Type: | MPRA Paper |
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Original Title: | Financial development and manufactured exports: the african experience |
English Title: | Financial Development and Manufactured Exports: The African Experience |
Language: | English |
Keywords: | Financial Development, Granger Causality, Manufactured Exports, Africa |
Subjects: | E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations G - Financial Economics > G2 - Financial Institutions and Services > G20 - General O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa |
Item ID: | 46474 |
Depositing User: | Evelyn Wamboye |
Date Deposited: | 22 Apr 2013 20:47 |
Last Modified: | 26 Sep 2019 08:23 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/46474 |