Adeniyi O, Oyinlola A, Omisakin O, Egwaikhide FO (2015) Financial development and economic growth in Nigeria: evidence from threshold modelling. Econ Anal Policy 47(2015):11–21.
Adeusi SO, Aluko OA (2015) Relevance of financial sector development on real sector productivity: 21st century evidence from Nigerian industrial sector. Int J Acad Res Bus Soc Sci 5(6):118–132.
Akinlo AE (2005) Impact of macroeconomic factors on total factor productivity in Sub-Saharan African Countries. World institute for Development Economics Research. Research Paper No. 2005/39.
Alawin MA, Merza TE (2013) The relationship between real and banking sectors in Jordan. Appl Econ Int Dev 13(2):129–136.
- Aliyu M, Yusuf AH (2013) Impact of private sector credit on the real sector of Nigeria. Int J Bus Soc Res 3(5):105–116.
Paper not yet in RePEc: Add citation now
Allen F, Carletti E (2006) Credit risk transfer and contagion. J Monet Econ 53(1):89–111.
Allen F, Carletti E, Cull R, Qian J, Senbet L, Valenzuela P (2014) The African financial development and financial inclusion gaps. J Afr Econ 23(5):614–642.
Allen FE, Carletti E, Gale D (2009) Interbank market liquidity and central bank intervention. J Monet Econ 56(2009):639–652.
Arcand J, Berkes E, Panizza U. (2012) Too much finance? International Monetary Fund Working Paper Number 161. International Monetary Fund, Washington.
Asongu SA (2019) Financial access and productivity dynamics in Sub-Saharan Africa. Int J Public Adm. https://doi.org/10.1080/01900692.2019.1664570 .
Ayyoub M (2016) Inflation-Growth Nexus in developing economies: new empirical evidence from a dis-aggregated approach. Johannes Kepler University of Linz Working Paper No. 1602.
Baltagi BH, Demetriades PO, Law SH (2007) Financial development, openness and institutions: evidence from panel data. Working Paper No. 07/05.
Barro RJ (1990) Government spending in a simple model of endogenous growth. J Polit Econ 98(5):103–125.
Beck T, Cull R (2013) Banking in Africa. Policy Research Working Paper Series 6684, The World Bank.
- Beck T, Demirgüç-Kunt A, Levine R (2009) Financial institutions and markets across countries and over time data and analysis. Policy Research Working Paper 4943.
Paper not yet in RePEc: Add citation now
- Bello AA, Osinubi TS (2016) Infrastructure development and economic growth in sub-Saharan Africa. https://www.wider.unu.edu/sites/default/files/Events/PDF/Bello.pdf . Accessed 28 Sept 2016.
Paper not yet in RePEc: Add citation now
- Berthélemy JC, Varoudakis A (1997) Financial development and growth convergence: a panel data approach. In: Hausmann R, Reisen H (eds) Promoting savings in Latin America. OECD, Paris, pp 35–69.
Paper not yet in RePEc: Add citation now
- Bhatt VV (1995) Financial systems, innovation, and development. London Sage, New Dehli.
Paper not yet in RePEc: Add citation now
- Blum D, Federmair K, Fink G, Haiss P (2002) The financial-real sector nexus: theory and empirical evidence. IEF Working Paper No. 43.
Paper not yet in RePEc: Add citation now
Bolton P, Santos T, Scheinkman JA (2011) Cream skimming in financial markets. Working Paper No. 16804. National Bureau of Economic Research.
- Breitung J (2000) The Local Power of Some Unit Root Tests for Panel Data. In Baltagi B, editor. Advances in econometrics, Vol. 15: nonstationary panels, panel cointegration, and dynamic panels. JAI Press, Amsterdam, pp 161–178.
Paper not yet in RePEc: Add citation now
Cecchetti S, Kharroubi E (2012) Reassessing the impact of finance on growth. Bank for international settlements Working Paper No. 381.
Cecchetti SG, Kharroubi E (2015) Why does financial sector growth crowd out real Economic Growth? BIS Working Papers No 490.
Chang R, Kaltani L, Loayza NV (2009) Openness can be good for growth: the role of policy complementarities. J Dev Econ 90(2009):33–49.
De Gregorio G, Guidotti PE (1995) Financial development and economic growth. World Dev 23:433–448.
Deidda L, Fattouh B (2002) Non-linearity between finance and growth. Econ Lett 74(3):339–345.
- Ductor L, Grechyna D (2013) Financial development, technological progress and economic growth. SSRN Working Paper No. 1997526.
Paper not yet in RePEc: Add citation now
Ductor L, Grechyna D (2015) Financial development, real sector, and economic growth. Int Rev Econ Financ 37(C):393–405.
Ekor M, Adeniyi O (2012) Impact of financial development on manufacturing output: the Nigerian evidence. Econ Bull Access Econ 32(3):2638–2645.
Engerer H, Schrooten M (2001) Institutionen, Finanzsysteme und Transformation, DIW Discussion Papers No. 264, Deutsches Institut für Wirtschaftsforschung, Berlin.
Ezzahid E, Elouaourti Z (2017) Financial development and total factor productivity channel: Evidence from Africa. MPRA Paper No. 81764 posted 5 October 2017.
Fadiran D, Akanbi OA (2017) Institutions and other determinants of total factor productivity in Sub-Saharan Africa. Economic Research Southern Africa (ERSA) Working Paper 714.
- Feenstra RC, Robert I, Marcel PT (2015) The next generation of the Penn World Table. Am Econ Rev 105(10):3150–3182. https://www.ggdc.net/pwt .
Paper not yet in RePEc: Add citation now
Gelb AH (1989) Financial policies, growth, and efficiency. World Bank Policy, Planning, and Research Working Paper No. 202.
Gennaioli N, Shleifer A, Vishny R (2012) Neglected risks, financial innovation, and financial fragility. J Financ Econ 104(3):452–468.
- Gerschenkron A (1962) Economic Backwardness in Historical Perspective. Harvard University Press, Cambridge, pp 5–30.
Paper not yet in RePEc: Add citation now
- Gertler M, Rose A (1994) Financial structure and economic activity: an overview. In: Caprio G, Atiyas I, Hanson JA (eds) Financial reform. Theory and evidence. Cambridge University Press, New York, pp 13–48.
Paper not yet in RePEc: Add citation now
- Goldsmith RW (1969) Financial structure and development. Yale University Press, New Haven.
Paper not yet in RePEc: Add citation now
- Graff M (2000) Finanzielle Entwicklung und reales Wirtschaftswachstum (Financial Development and Economic Growth), Tübingen: Mohr (Paul Siebeck).
Paper not yet in RePEc: Add citation now
Helleiner GK (1989) Transnational corporations and direct foreign investment. In: Chenery HB, Srinivasan TN (eds) Handbook of development economics II. Elsevier, Amsterdam, pp 1442–1480.
- Helleiner GK (1994) Trade policy and industrialization in turbulent times. Routledge, London.
Paper not yet in RePEc: Add citation now
Hondroyiannis G, Lolos S, Papapetrou E (2005) Financial markets and economic growth in Greece, 1986–1999. J Int Financ Market Inst Money 15(2):173–188.
Im KS, Pesaran MH, Shin Y (2003) Testing unit roots in heterogeneous panels. J Econ 115(1):53–74.
- IMF (2012) Walking hand in hand: fiscal policy and growth in advanced economies. Discussion Paper. International Monetary Fund, Washington, D.C.
Paper not yet in RePEc: Add citation now
Iweriebor S, Egharevba MI, Adegboye C (2015) Government spending and industrial development in Nigeria: a dynamic investigation. Ann Univ Petroşani Econ 15(1):179–190.
Jeanneney SG, Hua P, Liang Z (2006) Financial development, economic efficiency, and productivity growth: evidence from China. Dev Econ 44:27–52.
- Jerome A, Busari D, Adjibolosoo S (2009) Oil and growth in Africa: a comparative analysis. https://refhub.elsevier.com/S0959-6526(19)31372-1/sref22 .
Paper not yet in RePEc: Add citation now
Kaminsky GL, Reinhart CM (1999) The twin crises: the causes of banking and balance-of-payments problems. Am Econ Rev 89(3):473–500.
King RG, Levine R (1993a) Finance and growth: schumpeter might be right. Q J Econ 108(3):717–737.
King RG, Levine R (1993b) Finance, entrepreneurship, and growth: theory and evidence. J Monet Econ 32(3):513.
Knack S, Keefer P (1995) Institutions and economic performance: cross-country tests using alternative institutional measures. Econ Politics 7:207–227.
Levin A, Lin CF, Chu CS (2002) Unit root tests in panel data: asymptotic and finite-sample properties. J Econ 108(1):1–24.
Levine R (1991) Stock markets, growth and tax policy. J Financ 46(4):1445–1465.
Levine R, Zervos S (1998) Stock markets, banks, and economic growth. Am Econ Rev 88:537–558.
- López JJ (2017) Financial frictions and productivity: evidence from Mexico. Q Rev Econ Financ 66(C):294–301.
Paper not yet in RePEc: Add citation now
Lucas RE (1988) On the mechanics of economic development. J Monet Econ 22(1):3–42.
Maddala GS, Wu W (1999) A comparative study of unit root tests with panel data and a new simple test. Oxford Bull Econ Stat 61:621–652.
- Mckinnon RI (1973) Money capital and banking. Brooklyn Institution, Washington D.C.
Paper not yet in RePEc: Add citation now
- Meniago C, Asongu SA (2019) Harnessing FDI spillovers on TFP and economic growth in Sub-Saharan Africa: the relevance of value chains across economic sectors. African Governance and Development Institute Working Paper. Yaoundé, Cameroon.
Paper not yet in RePEc: Add citation now
- Mohsen AS (2015) Linkages between trade openness, capital, oil price and industrial outputs in Syria. Econ Insights Trends Chall 4(67):11–19.
Paper not yet in RePEc: Add citation now
- Mordi CNO (2010) The link between the financial (Banking) sector and the Real Economy Central Bank of Nigeria. Econ Financ Rev 48:7.
Paper not yet in RePEc: Add citation now
Ndikumana L (2000) Financial determinants of domestic investment in Sub-Saharan Africa: evidence from panel data. World Dev 28(2):381–400.
- Nishimizu M, Page J (1991) Trade policy, market orientation, and productivity change in industry. In: De Melo J, Sapir A (eds) Trade theory and economic reform. Basil Blackwell, Oxford, pp 246–264.
Paper not yet in RePEc: Add citation now
- Njikam O (2009) Trade Liberalization, infrastructure and industrial performance in Cameroun”. Faculty of Economics and Management University of Yaoundé.
Paper not yet in RePEc: Add citation now
- OECD (2008) The contribution of services to development and the role of trade liberalisation and regulation. Global Forum on International Investment VII.
Paper not yet in RePEc: Add citation now
- Ozurumba BA, Anyanwu FA (2015) Strengthening linkages of the financial services and real sectors of the Nigerian economy. Jorind 13(1):240–252.
Paper not yet in RePEc: Add citation now
- Patrick HT (1966) Financial development and economic growth in underdeveloped countries. Econ Dev Cult Change 14:174–189.
Paper not yet in RePEc: Add citation now
- Peetz D, Genreith H (2011) The financial sector and the real economy. Real world Economics Review, Issue no, p 57.
Paper not yet in RePEc: Add citation now
Philippon Th (2010) Financiers versus engineers: should the financial sector be taxed or subsidized? Am Econ J Macroecon 2(3):158–182.
- Robinson J (1952) The generalisation of the general theory. The rate of interest and other essays, 2nd edn. MacMillan, London, pp 1–76.
Paper not yet in RePEc: Add citation now
Roodman D (2007) A short note on the theme of too many instruments. Centre for Global Development Working Paper 125.
- Sakyi D, Egyir J (2017) Effects of trade and FDI on economic growth in Africa: an empirical investigation. Transnatl Corpor Rev 9(2):66–87.
Paper not yet in RePEc: Add citation now
Samsi SM, Yusof Z, Cheong K (2012) Linkages between the Real Sector and the Financial Sector: The case of Malaysia. Asian Acad Manage J Acc Finance 8(1):93–113.
- Sanusi SL (2011) Growing Nigeria’s real sector for employment and economic development: the role of Central Bank of Nigeria. Paper delivered at the Inaugural Memorial Lecture in honour of Late Professor Okefie Uzoaga held on July, 12 at University of Nigeria, Nsukka, Enugu State.
Paper not yet in RePEc: Add citation now
- Schumpeter J (1911) The theory of economic development. Harvard University Press, Cambridge.
Paper not yet in RePEc: Add citation now
- Shaw E (1973) Financial deepening in economic development. Oxford University Press, New York.
Paper not yet in RePEc: Add citation now
- Stöttner R (1981) Probleme der geldwirtschaftlichen Wachstumstheorie, Frankfurt a. M.: PeterLang.
Paper not yet in RePEc: Add citation now
- Sutton CN, Jenkins B (2007) The role of financial services sector in expanding economic opportunity (Corporate Social Responsibility Initiative Report No. 19). Cambridge: Kennedy School of Government, Harvard University.
Paper not yet in RePEc: Add citation now
Tchamyou VS (2019) The role of information sharing in modulating the effect of financial access on inequality. J Afr Bus 20:317–338.
Tchamyou VS (2020) Education, lifelong learning, inequality and financial access: evidence from African countries. Contemp Soc Sci 15(1):7–25.
- Tybout NS (1992) Openness, productivity and growth. What do we really know?. Econ J 108:383–398.
Paper not yet in RePEc: Add citation now