KCI 등재
Does financial development promote export diversification in Sub-Saharan Africa?
( Richard Kofi Akoto ) , ( Charles Adjasi )
한양대학교 경제연구소 2020
JOURNAL OF ECONOMIC RESEARCH 25권  2호 155-178(24pages)
UCI I410-ECN-0102-2021-300-001318531

This paper examines the effect of financial sector development on export diversification of 41 sub-Saharan Africa countries using data for the period 1995-2013. The empirical results using dynamic panel system generalized methods of moments (System-GMM) estimation technique show that high financial development promotes export diversification in sub-Saharan Africa. The finding underscores the importance of financial sector development policies in sub-Saharan Africa to stimulate export diversification. Specifically, it is necessary to increase the roll out of financial infrastructure across sub-Saharan Africa to widen the extent of financial access. Government should also ensure macroeconomic stability to support financial sector development in the various sub-Saharan Africa countries.

1 Introduction
2 Related literature
3 Methodology
4 Empirical results
5 Conclusion
References