Financial Development and Economic Growth in Cote D'Ivoire
Author | : Denis Foade |
Publisher | : GRIN Verlag |
Total Pages | : 29 |
Release | : 2011-03 |
ISBN-10 | : 9783640855698 |
ISBN-13 | : 3640855698 |
Rating | : 4/5 (698 Downloads) |
Download or read book Financial Development and Economic Growth in Cote D'Ivoire written by Denis Foade and published by GRIN Verlag. This book was released on 2011-03 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Study from the year 2011 in the subject Economics - Economic Cycle and Growth, grade: none, Universit de Cocody, Abidjan (The UFR of Economics and Management), course: Teacher's publication, language: English, abstract: The present paper analyzes theoretically and empirically the link between financial development and economic growth in the Ivorian economy. To that end, the contribution of financial development to economic growth is assessed through the broad money (M2) as percentage of GDP ratio (M2/GDP), private credit on domestic credit (CE/CI), liquid liability of out of gross domestic product (DQM/M2), indicating the banking system's expansion in the mobilization of saving. The analysis is carried through a VAR model. Key words: Financial development, Economic growth, Velocity of money, risk. JEL Classification: C32, F41, F43