Colonization and Growth of Financial Markets in Africa: An Institutional Approach with interaction effects (notice n° 99723)

détails MARC
000 -LEADER
fixed length control field 01805cam a2200229 4500500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250112004331.0
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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