Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)

Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)

Recently, much attention is given to financial-growth nexus, but largely via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel in the ECOWAS region. It employed panel cointegration approaches as well as the FMOLS, DOLS....

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Main Author: Yusoff, Mohammed
Format: Proceeding Paper
Language:English
Published: Elsevier 2015
Subjects:
HF3000 By region or country
Online Access:http://irep.iium.edu.my/46031/
http://irep.iium.edu.my/46031/1/Financial_Development%2C_Human_Capital_Accumulation.pdf
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author Yusoff, Mohammed
author_facet Yusoff, Mohammed
author_sort Yusoff, Mohammed
building IIUM Repository
collection Online Access
description Recently, much attention is given to financial-growth nexus, but largely via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel in the ECOWAS region. It employed panel cointegration approaches as well as the FMOLS, DOLS. The results revealed that bank private credit and domestic private credit contribute significantly to economic growth in the ECOWAS, both directly and through their influence on human capital accumulation. These results imply that providing access to credit to both enterprises and individuals, through appropriate financial policies, will encourage economic growth in the ECOWAS region.
first_indexed 2025-11-14T16:12:40Z
format Proceeding Paper
id iium-46031
institution International Islamic University Malaysia
institution_category Local University
language English
last_indexed 2025-11-14T16:12:40Z
publishDate 2015
publisher Elsevier
recordtype eprints
repository_type Digital Repository
spelling iium-460312016-05-23T00:54:09Z http://irep.iium.edu.my/46031/ Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS) Yusoff, Mohammed HF3000 By region or country Recently, much attention is given to financial-growth nexus, but largely via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel in the ECOWAS region. It employed panel cointegration approaches as well as the FMOLS, DOLS. The results revealed that bank private credit and domestic private credit contribute significantly to economic growth in the ECOWAS, both directly and through their influence on human capital accumulation. These results imply that providing access to credit to both enterprises and individuals, through appropriate financial policies, will encourage economic growth in the ECOWAS region. Elsevier 2015 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/46031/1/Financial_Development%2C_Human_Capital_Accumulation.pdf Yusoff, Mohammed (2015) Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS). In: Global Conference on Business & Social Science (GCBSS-2014) , 15th & 16th December 2014, Kuala Lumpur. http:// www.sciencedirect.com doi: 10.1016/j.sbspro.2015.01.341
spellingShingle HF3000 By region or country
Yusoff, Mohammed
Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_full Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_fullStr Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_full_unstemmed Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_short Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_sort financial development, human capital accumulation and economic growth: empirical evidence from the economic community of west african states (ecowas)
topic HF3000 By region or country
url http://irep.iium.edu.my/46031/
http://irep.iium.edu.my/46031/
http://irep.iium.edu.my/46031/
http://irep.iium.edu.my/46031/1/Financial_Development%2C_Human_Capital_Accumulation.pdf

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