Table 2 Financial development and economic growth in Cameroon
From: Financial sector development and economic growth: evidence from Cameroon
Author(s) | Country/Region | Methodology | Main findings |
|---|---|---|---|
Tabi et al. (2011) | Cameroon | Johansen method of co-integration analysis | Positive effect |
Elie (2015) | 21 Sub-Saharan African (SSA) countries | dynamic panel GMM technique | positive link between financial development and economic growth |
Djoumessi (2009) | Cameroon and South Africa | ARDL, VECM | -positive impact (In Cameroon when the two methods of estimation are used) -Positive impact in South Africa when VECM is used and independent relationship when ARDL is used. |
Mandiefe (2015) | Cameroon and South Africa | VECM | -(Positive) Long-run relationship between two variables (Cameroon) -Short-run relationship between bank deposits and economic growth, long-run relationship between economic growth financial development and (South Africa) |