TY - JOUR
T1 - Financial development and manufactured exports
T2 - The African experience
AU - Wamboye, Evelyn
AU - Mookerjee, Rajen
PY - 2014
Y1 - 2014
N2 - Using a sample of 29 African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from resources and agriculture is an important part of Africa's growth strategy. Our results show that in 11 countries financial development causes manufactured exports and manufactured exports causes financial development in seven countries. We then explore reasons for these findings and find that a rich and surprising set of factors explain our findings.
AB - Using a sample of 29 African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from resources and agriculture is an important part of Africa's growth strategy. Our results show that in 11 countries financial development causes manufactured exports and manufactured exports causes financial development in seven countries. We then explore reasons for these findings and find that a rich and surprising set of factors explain our findings.
UR - http://www.scopus.com/inward/record.url?scp=84896979872&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84896979872&partnerID=8YFLogxK
U2 - 10.1504/IJEPEE.2014.059898
DO - 10.1504/IJEPEE.2014.059898
M3 - Article
AN - SCOPUS:84896979872
SN - 1752-0452
VL - 7
SP - 22
EP - 34
JO - International Journal of Economic Policy in Emerging Economies
JF - International Journal of Economic Policy in Emerging Economies
IS - 1
ER -