A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries

This study investigated the direct link between foreign bank entry and economic growth in Sub-Sahara African countries using a dynamic generalized method of moment estimator. It also studied a comparative analysis on banking environment for SSA countries that open and restrict banking industries to...

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Autores principales:	Fetene Bogale Hunegnaw, Adem Feto Bedhaso
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	foreign bank entry economic growth ssa gmm estimator Finance HG1-9999 Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/a7ea8513faad40a9930474c06bdbc64d
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spelling	oai:doaj.org-article:a7ea8513faad40a9930474c06bdbc64d2021-11-26T11:19:50ZA dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries2332-203910.1080/23322039.2021.1991084https://doaj.org/article/a7ea8513faad40a9930474c06bdbc64d2021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23322039.2021.1991084https://doaj.org/toc/2332-2039This study investigated the direct link between foreign bank entry and economic growth in Sub-Sahara African countries using a dynamic generalized method of moment estimator. It also studied a comparative analysis on banking environment for SSA countries that open and restrict banking industries to foreign ownership using descriptive analysis. The descriptive evidence suggests that SSA countries that allowed foreign bank entry have better banking service access, competition and depth than SSA countries that restrict banking industries to foreign ownership. Econometric estimation result shows a foreign bank asset share has a direct positive effect on economic growth. The findings of this study provide imperative policy implication to SSA countries that did not open their banking sector to foreign investment. They could open the door for foreign bank involvement in the banking industries and reap all the good benefits that SSA countries that open their banking industries to foreign investors are enjoying.Fetene Bogale HunegnawAdem Feto BedhasoTaylor & Francis Grouparticleforeign bank entryeconomic growthssagmm estimatorFinanceHG1-9999Economic theory. DemographyHB1-3840ENCogent Economics & Finance, Vol 9, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	foreign bank entry economic growth ssa gmm estimator Finance HG1-9999 Economic theory. Demography HB1-3840
spellingShingle	foreign bank entry economic growth ssa gmm estimator Finance HG1-9999 Economic theory. Demography HB1-3840 Fetene Bogale Hunegnaw Adem Feto Bedhaso A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries
description	This study investigated the direct link between foreign bank entry and economic growth in Sub-Sahara African countries using a dynamic generalized method of moment estimator. It also studied a comparative analysis on banking environment for SSA countries that open and restrict banking industries to foreign ownership using descriptive analysis. The descriptive evidence suggests that SSA countries that allowed foreign bank entry have better banking service access, competition and depth than SSA countries that restrict banking industries to foreign ownership. Econometric estimation result shows a foreign bank asset share has a direct positive effect on economic growth. The findings of this study provide imperative policy implication to SSA countries that did not open their banking sector to foreign investment. They could open the door for foreign bank involvement in the banking industries and reap all the good benefits that SSA countries that open their banking industries to foreign investors are enjoying.
format	article
author	Fetene Bogale Hunegnaw Adem Feto Bedhaso
author_facet	Fetene Bogale Hunegnaw Adem Feto Bedhaso
author_sort	Fetene Bogale Hunegnaw
title	A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries
title_short	A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries
title_full	A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries
title_fullStr	A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries
title_full_unstemmed	A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries
title_sort	dynamic analysis on foreign bank entry nexus economic growth in sub-sahara african countries
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/a7ea8513faad40a9930474c06bdbc64d
work_keys_str_mv	AT fetenebogalehunegnaw adynamicanalysisonforeignbankentrynexuseconomicgrowthinsubsaharaafricancountries AT ademfetobedhaso adynamicanalysisonforeignbankentrynexuseconomicgrowthinsubsaharaafricancountries AT fetenebogalehunegnaw dynamicanalysisonforeignbankentrynexuseconomicgrowthinsubsaharaafricancountries AT ademfetobedhaso dynamicanalysisonforeignbankentrynexuseconomicgrowthinsubsaharaafricancountries
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A dynamic analysis on foreign bank entry Nexus economic growth in Sub-Sahara African countries

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