Table 7 Short- run impact of financial development on economic growth
From: Financial sector development and economic growth: evidence from Cameroon
Variable | Coefficient | Std. Error | t-Statistic |
|---|---|---|---|
∆ GDP | −0.253700c | 0.125958 | −2.014158 |
∆Credit to private sector(% GDP) | −0.016350 | 0.160491 | −0.101872 |
∆Deposits (% GDP) | −1.536301a | 0.528120 | −2.909000 |
∆M2 (% GDP) | 1.458098a | 0.406698 | 3.585214 |
∆Government expenditure | 0.644298a | 0.285455 | 2.257095 |
∆Private investment | −2.476650b | 0.607828 | −4.074589 |
ECM(−1) | −0.805787a | 0.184469 | −4.368139 |
R-squared | 0.685374 | ||
Adjusted R-squared | 0.612768 | ||
S.E. of regression | 2.213418 | ||
Sum squared resid | 127.3797 | ||
Log likelihood | −69.11095 | ||