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非洲经济的金融自由化和增长:政策互补性的作用

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外文标题: Financial liberalization and growth in African economies: The role of policy complementarities
外文摘要: This paper examines whether the effect of financial liberalization on economic growth depends on reform complementarities. A non-linear
growth regression specification that interacts a proxy of financial liberalization with proxies of reform complementarities is estimated using a panel
of 45 Sub-Saharan Africa (SSA) countries. The cross-country, panel-data evidence shows no clear relationship between financial liberalization and
growth. The study however finds that financial liberalization is more likely to positively and significantly increase growth across the SSA region
if the following complementary reforms are undertaken e.g. improvement in educational attainment, macroeconomic and external stability, and
overall governance.
英关键词: :Financial liberalization; Growth; Economic reform; Policy complementarity; Africa
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译文标题: 非洲经济的金融自由化和增长:政策互补性的作用
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