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Scholars Journal of Economics, Business and Management | Volume-4 | Issue-09
Inclusive Growth Effect of Financial Integration in Africa
Mustapha A. Akinkunmi
Published: Sept. 30, 2017 | 180 171
DOI: 10.36347/sjebm.2017.v04i09.009
Pages: 663-668
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Abstract
The link between financial integration and real GDP has been the major focus of this study. The study employs both Johansen Cointegration and Generalized Method of Moments (GMM) approaches to examine this nexus in Africa. The finding indicates that financial integration significantly and negatively influences real GDP of the African economy. However, the influence of foreign assets on Africa’s real GDP is statistically significant and positive.