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Finance-growth Nexus in Cote D'ivoire and Nigeria: does the proxy of financial development matter?
Kizito, Uyi Ehigiamusoe1, Hooi, Hooi Lean2, Badeeb, Ramez Abubakr3.
This study examines the finance-growth nexus in Cote D’Ivoire and Nigeria using
different proxies of measuring financial development to ascertain whether the financegrowth
nexus is sensitive to financial development proxies. Findings reveal that a cointegration
relationship exists between financial development and economic growth
in both countries. While supply-leading hypothesis is supported in Cote D’Ivoire, the
feedback hypothesis is supported in Nigeria. Further evidence indicates that the financegrowth
nexus is sensitive to the proxies used to measure financial development. The
implication of this study is that financial development promotes economic growth. Hence,
countries should implement policies and reforms that favour the advancement of those
proxies that accelerate growth in order to achieve sustainable economic growth.
Affiliation:
- Universiti Sains Malaysia, Malaysia
- Universiti Sains Malaysia, Malaysia
- Universiti Sains Malaysia, Malaysia
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Indexation |
Indexed by |
MyJurnal (2018) |
H-Index
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4 |
Immediacy Index
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0.000 |
Rank |
16/54,Q2(Social Sciences) 16/54,Q2(Social Sciences) 16/54,Q2(Social Sciences) 6/20,Q2(Arts & Humanities) 6/20,Q2(Arts & Humanities) 16/54,Q2(Social Sciences)
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Indexed by |
Scopus (SCImago Journal Rankings 2016) |
Impact Factor
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- |
Rank |
Q2 (Arts and Humanities (miscellaneous)) Q2 (Business, Management and Accounting (miscellaneous)) Q2 (Economics, Econometrics and Finance (miscellaneous)) Q2 (Social Sciences (miscellaneous)) |
Additional Information |
0.333 (SJR) |
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