Financial Sector Performance: Evidence in Twelve West African Countries

In most West African countries, the financial sectors are the least developed area. The absence of deep-efficient financial markets put major economic growth constraints. This study aimed to investigate the financial sector performance in twelve selected West African countries. To determine financia...

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Autores principales:	Ibrahim Sorie Kamara, Siti Aisyah Tri Rahayu, Lukman Hakim
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2020
Materias:	financial sector performance economic growth west africa Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/69f194a6c1834920a00ebb62dba204bf
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id	oai:doaj.org-article:69f194a6c1834920a00ebb62dba204bf
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spelling	oai:doaj.org-article:69f194a6c1834920a00ebb62dba204bf2021-12-02T17:22:23ZFinancial Sector Performance: Evidence in Twelve West African Countries1411-99002541-550610.18196/jesp.21.2.5041https://doaj.org/article/69f194a6c1834920a00ebb62dba204bf2020-10-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/9004https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506In most West African countries, the financial sectors are the least developed area. The absence of deep-efficient financial markets put major economic growth constraints. This study aimed to investigate the financial sector performance in twelve selected West African countries. To determine financial sector performance, a panel data semi-log model was employed. Data were collected from the World Bank Open data page from 2004-2013. The results revealed that both variables matched the hypothesis, indicating a positive impact in the financial sector. It indicated that the variables used in this study were major players of the financial sector in the selected countries. This study recommends that because financial stability, globally and within countries, generates jobs and improves productivity, more efforts should be made to ensure an effective and developed financial sector system. It is so because limited and inadequate access to credit will limit small and medium-sized enterprises' contributions to private sector developmentIbrahim Sorie KamaraSiti Aisyah Tri RahayuLukman HakimUniversitas Muhammadiyah Yogyakartaarticlefinancial sector performanceeconomic growthwest africaEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 21, Iss 2, Pp 199-207 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	financial sector performance economic growth west africa Economic theory. Demography HB1-3840
spellingShingle	financial sector performance economic growth west africa Economic theory. Demography HB1-3840 Ibrahim Sorie Kamara Siti Aisyah Tri Rahayu Lukman Hakim Financial Sector Performance: Evidence in Twelve West African Countries
description	In most West African countries, the financial sectors are the least developed area. The absence of deep-efficient financial markets put major economic growth constraints. This study aimed to investigate the financial sector performance in twelve selected West African countries. To determine financial sector performance, a panel data semi-log model was employed. Data were collected from the World Bank Open data page from 2004-2013. The results revealed that both variables matched the hypothesis, indicating a positive impact in the financial sector. It indicated that the variables used in this study were major players of the financial sector in the selected countries. This study recommends that because financial stability, globally and within countries, generates jobs and improves productivity, more efforts should be made to ensure an effective and developed financial sector system. It is so because limited and inadequate access to credit will limit small and medium-sized enterprises' contributions to private sector development
format	article
author	Ibrahim Sorie Kamara Siti Aisyah Tri Rahayu Lukman Hakim
author_facet	Ibrahim Sorie Kamara Siti Aisyah Tri Rahayu Lukman Hakim
author_sort	Ibrahim Sorie Kamara
title	Financial Sector Performance: Evidence in Twelve West African Countries
title_short	Financial Sector Performance: Evidence in Twelve West African Countries
title_full	Financial Sector Performance: Evidence in Twelve West African Countries
title_fullStr	Financial Sector Performance: Evidence in Twelve West African Countries
title_full_unstemmed	Financial Sector Performance: Evidence in Twelve West African Countries
title_sort	financial sector performance: evidence in twelve west african countries
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2020
url	https://doaj.org/article/69f194a6c1834920a00ebb62dba204bf
work_keys_str_mv	AT ibrahimsoriekamara financialsectorperformanceevidenceintwelvewestafricancountries AT sitiaisyahtrirahayu financialsectorperformanceevidenceintwelvewestafricancountries AT lukmanhakim financialsectorperformanceevidenceintwelvewestafricancountries
_version_	1718381030739542016

Financial Sector Performance: Evidence in Twelve West African Countries

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