Financial Development, International Trade and Economic Growth : the Case of Sub-Saharan Africa
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Eastern Mediterranean University, Famagusta, Cyprus
Ekonomista 2012;(1):117–127
Having the fact that further attention for the relationship between financial development, international trade and economic growth is still needed, this study empirically investigates the possible co-integration and the causal link between financial development, international trade (including exports and imports) and economic growth in Sub-Saharan Africa, whose population is about 800 million and has a developing economy with 1,053.9 USD per capita income as of 2007 figures. Therefore, the findings of this study are expected to give very important messages to academics and policy makers in the region. The paper proceeds as follows. Section 1 defines data and methodology of the study. Section 2 provides results and discussions and the paper ends with conclusion. (fragment of text)