Theoretical and Applied Economics
No. 2 / 2023 (635), Summer
Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire
Félix Houphouët-Boigny University, Abidjan, Côte d’Ivoire
Yao Silvère KONAN
Félix Houphouët-Boigny University, Abidjan, Côte d’Ivoire
Abstract. In this study, we revisit the finance-growth nexus in Côte d’Ivoire using annual data over the period 1962-2020. We utilize the novel frequency domain causality test to identify the direction of the causality at different frequencies. The results vary depending on the financial development indicator and the time horizon. First, there is evidence of insignificant causality relationship between broad money and real GDP per capita. Second, there is evidence of unidirectional causality running from real GDP per capita to both domestic credit to private sectors ratios, only for low frequencies, suggesting a permanent or long-run effect.
Keywords: financial development, economic growth, frequency domain causality test, Côte d’Ivoire.
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Contents
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based on Environmental Kuznets Curve analysis:
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- Can renewable energy sources pump the economy
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- Evolution of growth theory:
from Harrod to Romer
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- Role of information systems for management
in multispeciality hospitals to improve performance:
A conceptual framework
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- Measuring stock market uncertainty
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- Frequency domain causality analysis
of financial development and economic growth
in Côte d’Ivoire
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Yao Silvère KONAN
- Theoretical framework
to introduce rainfall index-based futures contracts in India
Dileep N
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- Quest of dynamic linkages
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Ajit Kumar DASH
Amba AGARWAL
- An enquiry into extreme price movements
of the cryptocurrencies in the backdrop of COVID-19
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Balaga Mohana RAO
Anoop S KUMAR
- Effect of inflation on the growth and development
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V.S. AJINA
