Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests

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dc.contributor.authorEgbetunde, Tajudeen
dc.contributor.authorAkinlo, Akinlo
dc.date.accessioned2020-01-16T11:53:49Z
dc.date.available2020-01-16T11:53:49Z
dc.date.issued2015
dc.descriptionAfrica Journal of Blackwell Publishing Ltd, Vol.27, NO.3, p.187-198en_US
dc.description.abstractThis paper examines the long-run relationship between financial globalization and economic growth in subSaharan Africa using panel unit root tests, panel cointegration tests and panel multivariate ECM. The study finds that the variables are stationary at first difference — I(1). Also, the results reveal that all the variables are cointegrated, that is, they are related in the long run. The results of the ECT test within the framework of panel multivariate ECM confirm the cointegration tests. The paper concludes that there is a long-run relationship between financial globalization and economic growth in subSaharan Africa. The paper argues that sub-Saharan African economies will benefit from the era of financial globalization in the long run in as much as the governments promote and encourage sound macroeconomic policies and strong institutions.en_US
dc.identifier.otherDOI: 10.1111/1467-8268.12140
dc.identifier.urihttps://ir.oauife.edu.ng/handle/123456789/5066
dc.language.isoenen_US
dc.publisherBlackwell Publishing Ltden_US
dc.subjectFinancial Globalizationen_US
dc.subjectEconomic Growthen_US
dc.subjectCointegrationen_US
dc.subjectAfricaen_US
dc.titleFinancial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Testsen_US
dc.typeJournalen_US
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