@Article{pakinsight,
AUTHOR = {},
TITLE = {Finance-Growth Nexus in Africa: A Panel Generalized Method of Moments (GMM) Analysis},
JOURNAL = {},
VOLUME = {3},
YEAR = {2013},
NUMBER = {10},
PAGES = {1314-1324},
URL = {http://www.pakinsight.com/archive/3/10-2013/10},
ISSN = {},
ABSTRACT = {The paper uses the dynamic GMM Model to examine the finance-growth nexus with panel data (1981-2010) from 24 African countries. Evidence suggests that there is a positive relationship between finance and economic growth and that there is a bi-directional causal relationship between finance and economic growth. To the extent that financial development and economic growth Granger-cause each other, we assert  that policies directed at any of the two , if efficiently and vigorously pursued, could be beneficial to the study countries. },
DOI = {}
}