The Experts below are selected from a list of 16800 Experts worldwide ranked by ideXlab platform
Simplice A. Asongu - One of the best experts on this subject based on the ideXlab platform.
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ICT, Financial Sector Development and Financial Access
2020Co-Authors: Simplice A. Asongu, Jacinta Chikaodi NwachukwuAbstract:This study assesses the role of ICT (internet and mobile phone penetration) in complementing financial Sector Development (financial formalization and informalization) for financial access. The empirical evidence is based on Generalised Method of Moments with 53 African countries for the period 2004-2011. The following findings are established from linkages between ICT, financial Sector Development and financial activity. First, the interaction between ICT and financial formalization (informalization) decreases (increases) financial activity. Second, with regards to net effects, the expected signs are established for the most part. In spite of the negative marginal effects from financial informalization, the overall net effects are positive. Third, the potentially appealing interaction between ICT and informalization produces positive thresholds that are within ranges. Policy implications are discussed in three main strands. They include implications for (i) mobile/internet banking; (ii) a quiet life and (iii) ICT in reducing information asymmetry and surplus liquidity.
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The Mobile Phone, Information Sharing, and Financial Sector Development in Africa: a Quantile Regression Approach
Journal of the Knowledge Economy, 2019Co-Authors: Simplice A. Asongu, Nicholas M. OdhiamboAbstract:This study investigates linkages between the mobile phone, information sharing offices (ISO), and financial Sector Development in 53 African countries for the period 2004–2011. ISO are private credit bureaus and public credit registries. The empirical evidence is based on contemporary and non-contemporary quantile regressions. Two main hypotheses are tested: mobile phones complement ISO to enhance the formal financial Sector ( hypothesis 1 ) and mobile phones complement ISO to reduce the informal financial Sector ( hypothesis 2 ). The hypotheses are largely confirmed. This research adds to the existing body of literature by engaging hitherto unexplored dimensions of financial Sector Development and investigating the role of mobile phones in information sharing for financial Sector Development.
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information sharing and financial Sector Development in africa
Journal of African Business, 2017Co-Authors: Vanessa Tchamyou, Simplice A. AsonguAbstract:This study investigates the effect information sharing has on financial Sector Development in 53 African countries for the period 2004-2011. Information sharing is measured with private credit bureaus and public credit registries. Hitherto unexplored dimensions of financial Sector Development are employed, namely: financial Sector dynamics of formalization, informalization and non-formalization. The empirical evidence is based on Ordinary Least Squares (OLS) and Generalised Method of Moments (GMM). The following findings are established. Information sharing bureaus increase (reduce) formal (informal/non-formal) financial Sector Development. In order to ensure that information sharing bureaus improve (decrease) formal (informal/non-formal) financial Development, public credit registries should have between 45.45 and 50 percent coverage while private credit bureaus should have at least 26.25 percent coverage.
Kunofiwa Tsaurai - One of the best experts on this subject based on the ideXlab platform.
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The Dynamics, Challenges and Transition of Banking Sector Development in Zimbabwe
Journal of Developing Areas, 2018Co-Authors: Kunofiwa TsauraiAbstract:Zimbabwe financial Sector went through different phases of transformation during the past four decades (RBZ, 2014). This paper analysed the historical Developments and structure of the Zimbabwe's banking Sector. Challenges encountered by Zimbabwe banks and the determinants of Zimbabwe banking Sector success were also assessed from an empirical literature and case study based approaches. This paper deviates from previous studies on banking Sector Development in Zimbabwe in that (1) it focuses on Developments, critical success factors, challenges and determinants of Zimbabwe banking Sector all in one study, (2) It uses both case study and empirical study approaches in one paper and (3) there is no study on Zimbabwe the author is aware of which investigated the determinants of Zimbabwe banking Sector Development using macroeconomic variables. The case study approach found out that poor savings culture, high lending rates, systemic risk and absence of lender of last resort were the major challenges faced by Zimbabwe's banking Sector. Moreover, an empirical literature review prognosis showed that inflation, reserve ratio requirement, lending and deposit rates, output and economic growth played an influential role in determining Zimbabwe's banking Sector profitability. Unlike previous studies which focused on banking Sector profitability, the current study explored the macroeconomic determinants of Zimbabwe's banking Sector Development using the ordinary least squares (OLS) multiple regression model with data ranging from 1984 to 2014. Economic growth, deposit interest rates, savings and foreign direct investment (FDI) were found to have had a positive and significant impact on banking Sector Development of Zimbabwe in line with theory and empirical literature. The study therefore urges the Zimbabwean authorities to design and implement policies that grows the economy, ensure that depositors receive better interest rates, increase savings mobilization and FDI inflow attraction efforts in order to promote banking Sector Development. Inflation and trade openness had a negative but non-significant impact on Zimbabwe's banking Sector Development. The Zimbabwean authorities should therefore keep both inflation and trade openness at lower levels in order to deepen the banking Sector.
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An Empirical Study of the Determinants of Banking Sector Development in the SADC Countries
Journal of Developing Areas, 2017Co-Authors: Kunofiwa TsauraiAbstract:This paper explored the determinants of banking Sector Development in Southern African Development Community (SADC) countries using the dynamic generalised methods of moments (GMM) estimation technique with panel balanced data ranging from 1994 to 2014. The major advantage of the GMM approach is its ability to capture the dynamic characteristic of banking Sector Development data and address the endogeneity problem. The impact of banking Sector on economic growth has been investigated by several researchers and their findings show consensus with regard to the direction of causality between the two variables. What is still unclear or not yet agreeable is what determines banking Sector Development. Although few studies attempted to address that question, they overlooked the SADC region, a grouping of countries which over the last two decades relied on savings mobilization and allocative efficiency ability of the banking Sector to influence economic growth. The current study contributes to literature because no similar study has been done on SADC countries to the best of the author’s knowledge. Few similar studies as shown by literature have used a single country as a unit of analysis, which is not very useful to SADC for regional banking Sector policy formulation. Apart from not having focused on SADC countries, previous studies on banking Sector Development determinants ignored the dynamic aspect of banking Sector Development data and the endogeneity problem. This paper addressed all the shortcomings. The findings of this study are: (1) The lag of banking Sector Development and GDP positively and significantly influenced banking Sector Development in line with theoretical predictions. Trade openness negatively and significantly impacted on banking Sector Development whilst inflation had a marginal positive impact on banking Sector Development in SADC countries. Government consumption and unemployment had a negative but insignificant effect on banking Sector Development. These results are supported by literature. The implication of the study is that SADC countries should implement economic growth enhancement policies in order to increase the Development of their banking Sectors. They are also urged to reduce government final consumption expenditure, trade openness and unemployment levels in order to enhance banking Sector Development.
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PERSONAL REMITTANCES, BANKING Sector Development AND ECONOMIC GROWTH IN ISRAEL: A TRIVARIATE CAUSALITY TEST
Corporate Ownership and Control, 2015Co-Authors: Kunofiwa TsauraiAbstract:The current study investigates the causal relationship between personal remittances and economic growth using Israel time series data from 1975 to 2011. In a bid to contain the omission-of-variable bias not addressed in many past studies on this topic, this study included banking Sector Development as a third variable in the relationship between personal remittances and economic growth to create a tri-variate causality framework. Personal remittances as a ratio of GDP, domestic credit to private Sector by banks as a ratio of GDP and GDP per capita were used as proxies for personal remittances, banking Sector Development and economic growth respectively for the purposes of this study. It used the Johansen co-integration test to examine the existence of the long run relationship and vector error correction model (VECM) to determine the direction of causality between personal remittances, banking Sector Development and economic growth both in the long and short run. The findings reveal that: (1) there is a significant long run causality relationship running from GDP per capita and banking Sector Development towards personal remittances, (2) there is an insignificant long run causality relationship running from personal remittances and GDP per capita towards banking Sector Development, (3) there is no long run causality relationship running from personal remittances and banking Sector Development towards GDP per capita and there is no short run causality relationship between the three variables that were under study in Israel. The author therefore recommends the authorities of Israel to speed up the implementation of banking Sector Development and economic growth programmes in order to increase the quantity of personal remittances inflows
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Banking Sector Development and foreign direct investment. A case of Botswana
Risk Governance and Control: Financial Markets & Institutions, 2014Co-Authors: Kunofiwa TsauraiAbstract:The study investigates if there is a causality relationship between banking Sector Development and FDI inflows in Botswana. Though quite a number of authors have written on the subject, there appears to be no consensus on the directional causality between banking Sector Development and FDI inflows into the host country. At the moment, three dominant perspectives exist regarding the relationship between banking Sector Development and FDI inflows into the host country. The first perspective says that banking Sector Development attracts FDI inflows into the host country. The second perspective suggests that there is a positive feedback effect between banking Sector Development and FDI inflows whilst the third perspective maintains that there is no direct causality relationship between the two variables. The results from this study are consistent with the third perspective that says there is no direct causality relationship between banking Sector Development and FDI net inflows. This confirms that the long run relationship between banking Sector Development and FDI net inflows is an indirect one and the two set of variables affect each other indirectly through other factors in Botswana.
Shobhana Sosale - One of the best experts on this subject based on the ideXlab platform.
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Trends in Private Sector Development in World Bank Education Projects - Trends in Private Sector Development in World Bank Education Projects
Policy Research Working Papers, 2000Co-Authors: Shobhana SosaleAbstract:Emerging trends in education show the private Sector to be playing an increasingly important role in financing and providing educational services in many countries. Private Sector Development has not arisen primarily through public policy design, but has of course been affected by the design, and limitations of public policy. The author traces trends in private Sector Development in eleven of seventy World Bank education projects in 1995-97, asking two questions: What has been the rationale for Bank lending in education? And, in countries where there is both privately financed, and publicly financed, and provided education, how has the Bank encouraged the private Sector to thrive? The eleven country samples reveal that the Bank's interest in private Sector Development is basically in capacity-oriented privatization, to absorb excess demand for education. This is crucial to the Bank's general strategy for education lending: promoting access with equity, focusing on efficiency in resource allocation, promoting quality, and supporting capacity building. Absorbing excess demand tends to involve poorer families, usually much poorer than those that take advantage of other forms of privatized education. The Bank emphasizes capacity-oriented privatization, especially of teacher training for primary, and secondary schools, as well as institutional capacity building for tertiary, and vocational education. The underlying principle is that strengthening the private Sector's role in non-compulsory education over time, will release public resources for the compulsory (primary) level. The private Sector is emerging as a force governments, donors, and other technical assistance agencies cannot ignore. Often the term private Sector encompasses households' out-of-pocket expenses, rather than describing for-profit, or not-for-profit (religious or otherwise) Sectors. And lumpy investments, supporting both private, and public education, are the norm.
Vanessa Tchamyou - One of the best experts on this subject based on the ideXlab platform.
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information sharing and financial Sector Development in africa
Journal of African Business, 2017Co-Authors: Vanessa Tchamyou, Simplice A. AsonguAbstract:This study investigates the effect information sharing has on financial Sector Development in 53 African countries for the period 2004-2011. Information sharing is measured with private credit bureaus and public credit registries. Hitherto unexplored dimensions of financial Sector Development are employed, namely: financial Sector dynamics of formalization, informalization and non-formalization. The empirical evidence is based on Ordinary Least Squares (OLS) and Generalised Method of Moments (GMM). The following findings are established. Information sharing bureaus increase (reduce) formal (informal/non-formal) financial Sector Development. In order to ensure that information sharing bureaus improve (decrease) formal (informal/non-formal) financial Development, public credit registries should have between 45.45 and 50 percent coverage while private credit bureaus should have at least 26.25 percent coverage.
Rudra P. Pradhan - One of the best experts on this subject based on the ideXlab platform.
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Impact of banking Sector Development on insurance market-growth nexus: the study of Eurozone countries
Empirica, 2020Co-Authors: Saurav Dash, Rudra P. Pradhan, Rana P. Maradana, Kunal Gaurav, Manju JayakumarAbstract:We examine the relationships between the banking Sector Development, insurance market Development and economic growth of the Eurozone countries between 1980 and 2015. Using the vector error correction model, the study shows that in the long run, banking Sector Development and insurance market Development have a significant impact on economic growth of European countries. In the short term, we find both unidirectional and bidirectional causality between the three. Based on the empirical findings, a focus must be given to banking Sector Development and insurance market Development in order to create sustained economic growth in an increasingly inter-connected world.
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The dynamics of insurance Sector Development, banking Sector Development and economic growth: Evidence from G-20 countries
Global Economics and Management Review, 2015Co-Authors: Rudra P. Pradhan, Sahar Bahmani, Marepalli Uday KiranAbstract:Abstract This paper examines the mutual relationship between banking Sector Development, insurance Sector Development, and economic growth in the G-20 countries between 1980 and 2012. Our results demonstrate that there is a long-run equilibrium relationship between these three variables. We then use a panel vector auto-regression model to reveal the nature of Granger causality among these three variables. As expected, we find that both banking Sector Development and economic growth Granger cause insurance Sector Development.
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Banking Sector Development and Economic Growth in India
Global Business Review, 2014Co-Authors: Sasikanta Tripathy, Rudra P. PradhanAbstract:This article investigates short-run as well as long-run relationships, and also causality relationships between banking Sector Development and the economic growth of India for which empirical analysis is performed using annual data. We use a new data set of banking Sector Development indicators to argue that banking Sector Development substantially affected economic growth. We find strong evidence that banking Sector Development caused economic growth in the Indian economy, especially in the period between 1960 and 2011, covering 52 years of the post-independence period for India.
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Banking Sector Development and economic growth in ARF countries: the role of stock markets
Macroeconomics and Finance in Emerging Market Economies, 2014Co-Authors: Rudra P. Pradhan, Sasikanta Tripathy, Shashikant Pandey, Samadhan BeleAbstract:The paper examines the long-run relationship between banking Sector Development, stock market Development and economic growth in 26 ASEAN regional forum (ARF) countries for the period 1961-2012. Using principal component analysis for the construction of Development indices and panel vector auto-regressive model for testing the Granger causalities, the study shows that a long-run relationship between banking Sector Development, stock market Development and economic growth exists in ARF countries. The study also uniquely finds the existence of bidirectional causality between banking Sector Development and economic growth and a unidirectional causality from stock market Development to economic growth. It, however, reveals the existence of unidirectional or bidirectional causal links between banking Sector Development and stock market Development. Hence, future studies on economic growth that exclude the dynamic interrelationship of these variables will be unreliable.
