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Financial Innovation

Table 6 ARDL coefficients for long-run

From: Financial sector development and economic growth: evidence from Cameroon

Variable

Coefficient

Std. Error

t-Statistic

Credit to private sector(% GDP)

0.387269b

0.139261

2.780880

Deposits (% GDP)

1.246879b

0.507556

2.456631

M2 (% GDP)

1.977286a

0.582636

3.393687

Government expenditure

0.159012

0.225122

0.706338

Private investment

0.744684

0.456850

1.630042

  1. Note: a, b and c imply significant at the 1, 5 and 10% levels respectively
  2. Source: author analysis
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