NDLI: How Has Politico-Economic Liberalization Affected Financial Allocation Efficiency? Fresh African Evidence

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How Has Politico-Economic Liberalization Affected Financial Allocation Efficiency? Fresh African Evidence

Content Provider	Semantic Scholar
Author	Asongu, Simplice A.
Copyright Year	2013
Abstract	This paper investigates how financial, trade, institutional and political liberalization policies have affected financial efficiency in Africa. It uses updated data to appraise second generation reforms in order to gather fresh evidence and derive more updated policy implications. The ‘freedom to trade’ and ‘economic freedom’ indices are also employed. The following findings are established. (1) Financial liberalization mitigates financial allocation efficiency, with the magnitude of the de jure indicator (KAOPEN) higher than that of the de facto measurement (FDI). (2) Exports significantly improve financial efficiency. (3) Institutional liberalization has a positive effect on the efficiency of allocation while the effect of political liberalization is not significant. (4) Freedom of trade decreases (improves) financial (banking) system efficiency. (5) Economic freedom facilitates the transformation of mobilized financial resources (deposits) into credit for economic operators. Justifications for these nexuses are provided.
Starting Page	663
Ending Page	676
Page Count	14
File Format	PDF HTM / HTML
DOI	10.2139/ssrn.2493340
Volume Number	33
Alternate Webpage(s)	https://mpra.ub.uni-muenchen.de/44995/1/MPRA_paper_44995.pdf
Alternate Webpage(s)	https://www.econstor.eu/bitstream/10419/123587/1/agdi-wp13-012.pdf
Alternate Webpage(s)	http://www.afridev.org/RePEc/agd/agd-wpaper/How-has-politico-economic-liberalization-affected-financial-allocation-efficiency.-Fresh-African-evidence.pdf
Alternate Webpage(s)	https://doi.org/10.2139/ssrn.2493340
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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