金融发展与经济增长:来自南部非洲发展共同体地区低收入国家的证据

IF 2.1 Q2 BUSINESS, FINANCE International Journal of Financial Studies Pub Date : 2024-06-27 DOI:10.3390/ijfs12030062
Courage Mlambo
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引用次数: 0

摘要

本研究旨在探讨南部非洲发展共同体地区低收入国家的金融发展与经济增长之间的关系。由于发现南部非洲发展共同体地区的许多国家缺乏足够发达的金融体系,因此开展了这项调查。南部非洲发展共同体的许多国家都是低收入国家,它们的金融仍不发达,这可能会影响其增长前景。这项分析属于定量分析,使用面板数据来实现其目标。数据时间跨度为 2000 年至 2022 年。采用动态共同相关效应(DCCE)技术进行估算。结果显示,金融发展与经济增长之间存在正相关关系。这种关系还被认为是因果关系:金融发展不仅是经济增长的结果,还影响着经济增长。研究结果的证据支持了这样一种观点,即需要发展金融来提高资源配置的有效性,从而促进经济增长。这就要求被调查国家的政府创造促进金融发展的环境。
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Financial Development and Economic Growth: Evidence from Low-Income Nations in the SADC Region
The study sought to examine the relationship between financial development and economic growth in low-income nations in the SADC region. Motivated by the observation that numerous states in the SADC region lack adequately developed financial systems, this investigation was undertaken. Many SADC states are low-income countries, and they remain financially underdeveloped, which could compromise their growth prospects. The analysis was quantitative in nature, and used panel data to achieve its objectives. The data period spanned from 2000 to 2022. The dynamic common correlated effects (DCCE) technique was used for estimation purposes. Results showed that there is a positive relationship between financial development and economic growth. The relationship was also found to be causal: financial development is not only a result of economic growth; it also influences growth. The evidence from the findings supports the notion that financial development is needed to increase the effectiveness of resource allocation and consequently promote growth. This calls on the governments in the countries under investigation to create environments that foster financial development.
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来源期刊
CiteScore
3.70
自引率
8.70%
发文量
100
审稿时长
11 weeks
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