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Does financial development promote export diversification in Sub-Saharan Africa?

Richard Kofi Akoto & Charles Adjasi

Journal of Economic Research2020article
ABDC B
Weight
0.38

Abstract

This paper examines the effect of financial sector development on export diversification of 41 sub-Saharan Africa countries using data for the period 1995-2013. The empirical results using dynamic panel system generalized methods of moments (System-GMM) estimation technique show that high financial development promotes export diversification in sub-Saharan Africa. The finding underscores the importance of financial sector development policies in sub-Saharan Africa to stimulate export diversification. Specifically, it is necessary to increase the roll out of financial infrastructure across sub-Saharan Africa to widen the extent of financial access. Government should also ensure macroeconomic stability to support financial sector development in the various sub-Saharan Africa countries.

2 citations

Cite this paper

@article{richard2020,
  title        = {{Does financial development promote export diversification in Sub-Saharan Africa?}},
  author       = {Richard Kofi Akoto & Charles Adjasi},
  journal      = {Journal of Economic Research},
  year         = {2020},
}

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Does financial development promote export diversification in Sub-Saharan Africa?

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Evidence weight

0.38

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.10 × 0.4 = 0.04
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.