Colonization and Growth of Financial Markets in Africa: An Institutional Approach with interaction effects (notice n° 100492)
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|---|---|
| fixed length control field | 01807cam a2200229 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112004536.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ongo Nkoa, Bruno Emmanuel |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Colonization and Growth of Financial Markets in Africa: An Institutional Approach with interaction effects |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2023.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 45 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper examines the interaction effect of settlement and institutions on the growth of African financial markets over the period 1996-2017. The data on colonization which comes from the pioneering work of Acemoglu et al. (2001) is decomposed into two samples including 29 for the settler mortality rate and 33 for the settler rate. Applying ordinary least squares (OLS) regression, we find that institutions exert a negative and significant influence on capital market growth in African countries where settler mortality rates were high while in countries where settlers settled, the interaction effect of settler sedentarization rate and institutions is positive and significant. These results remain robust to several tests conducted. As a key recommendation, we suggest that African governments put in place new institutional governance policies that take into account the current economic context to further improve the growth of their financial markets. JEL Classification: E44, F54, O43. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | institutions |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Financial markets |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | colonization |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Atangana Zambo, Charles Christian |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Tsassa Mbouayila, Franck Mondesir |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Okere Atanga, Donald Ferdinand |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Bankers, Markets & Investors | 174 | 3 | 2023-11-02 | p. 14-43 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-bankers-markets-et-investors-2023-3-page-14?lang=en">https://shs.cairn.info/revue-bankers-markets-et-investors-2023-3-page-14?lang=en</a> |
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