期刊名称：Journal of Economics and International Finance
电子版ISSN：2006-9812
出版年度：2011
卷号：3
期号：6
页码：367-375
语种：English
出版社：Academic Journals
摘要：In this work we investigated the relationship between financial development and economic growth in Cameroon using time series data for the period 1970-2005. Using the Johansen method of cointegration analysis and various measures of financial development, we find that financial development has a positive effect on economic growth in the long run through efficient collection and allocation of financial resources. Also, we find a long term causality relationship running from financial development to economic growth. We therefore propose that the ongoing financial reforms in the country should be pushed forward so as to boost the development of this sector and by that increase its role in economic development.
