Abstract | 第4-6页 |
摘要 | 第7-17页 |
1 Introduction | 第17-26页 |
1.1 The Research Background and Significance of the Study | 第17-20页 |
1.2 Research Ideas and Methods | 第20-21页 |
1.3 Statement of the Research Problem and Objectives | 第21-22页 |
1.4 The Research Content and Structure Arrangement | 第22-24页 |
1.5 Main Innovations/Contributions | 第24-26页 |
2. Literature Review | 第26-53页 |
2.1 Overview | 第26-28页 |
2.2 Theoretical Literature | 第28-39页 |
2.2.1 The Keynesian Theory of Investment Determinants | 第28-30页 |
2.2.2 Financial Repression, Intermediation, Liberalization and Growth | 第30-35页 |
2.2.3 The Structuralists View of Finance and Growth | 第35-36页 |
2.2.4 Financial Intermediation and Growth | 第36-39页 |
2.3 Empirical Literature | 第39-50页 |
2.3.1 Financial Intermediation and Economic Growth | 第39-42页 |
2.3.2 Financial Liberalization and Economic Growth | 第42-44页 |
2.3.3 Financial Development and Economic Growth | 第44-45页 |
2.3.4 Econometric approaches ranging from Cross-sectional to time series | 第45-50页 |
2.4 Gap in the Literature and Study Contributions | 第50-53页 |
3. Theoretical Framework and Methodology | 第53-74页 |
3.1 The Growth Model | 第53-57页 |
3.2 Principle of Financial Intermediation and Growth | 第57-66页 |
3.2.1 The Role of Financial Intermediaries | 第57-59页 |
3.2.2 A General Framework for Financial Intermediation and Growth | 第59-64页 |
3.2.3 Romer and Pagano Model of Finance and Growth | 第64-66页 |
3.3 Mechanism of Income Influence on Finance & Economic Growth | 第66-68页 |
3.4 Estimation Techniques | 第68-74页 |
4. Empirical Study of Financial Intermediation and Economic Growth in Sub-SaharanAfrica | 第74-112页 |
4.1 Financial Intermediation Performance Indicators in Sub-Sahara Africa | 第74-95页 |
4.1.1 Broad Money (M2) and Growth in SSA | 第78-83页 |
4.1.2 Quasi Liquid Liability (M3) and Growth in SSA | 第83-86页 |
4.1.3 Domestic Credit to the Private Sector (CPB) and Growth in SSA | 第86-92页 |
4.1.4 Interest Rate Spread (IRS) and Growth in SSA | 第92-95页 |
4.2 Model Specification and Data Description | 第95-98页 |
4.3 Presentation of Result | 第98-112页 |
4.3.1 Summary Statistics | 第98-100页 |
4.3.2 Presentation of Panel Regression Results | 第100-107页 |
4.3.3 Robustness Checks for Panel Regression Estimates | 第107-108页 |
4.3.4 Presentation of the Granger Causality Test | 第108-109页 |
4.3.5 Presentation of Johansen Co-integration | 第109-111页 |
4.3.6 Results of the Unit Root Test | 第111-112页 |
5. Financial Liberalization and Economic Growth in Sub-Saharan Africa | 第112-137页 |
5.1 The Role of Financial Liberalization | 第112-126页 |
5.1.1 Financial Liberalization in Sub-Saharan Africa | 第113-119页 |
5.1.2 Country Specific Financial Liberalization Profile in SSA | 第119-126页 |
5.2 Model Specification and Data Description | 第126-135页 |
5.2.1 Model Specification | 第129-130页 |
5.2.2 Econometric Results | 第130-135页 |
5.3 Robustness Checks | 第135-137页 |
6. Conclusion and Policy Implications | 第137-140页 |
6.1 Research Conclusion | 第137-138页 |
6.2 Policy Recommendations | 第138-139页 |
6.3 Limitations and Suggestion for Further Research | 第139-140页 |
References | 第140-152页 |
Appendices | 第152-202页 |
Appendix A:GDP per capita Growth and Financial intermediation Indicators (M2, M3,CPB and IRS):1985-2010 | 第152-184页 |
Appendix B:World Bank Classification of entire sample and different income level ofSSA countries | 第184-186页 |
Appendix C:Result of the Summary Statistics for the entire and different income levelsof SSA countries | 第186-188页 |
Appendix D:Result of the Robustness check for the entire and different income level ofSSA countries | 第188-192页 |
Appendix E:Result of the Granger Causality Test (PCI, M2, M3, CPB and IRS) | 第192-196页 |
Appendix F:Result of the Johannsen Co-integration test | 第196-197页 |
Appendix G:Result of the Unit Root Tests for Stationarity of (PCI, M2, M3, CPB andIRS) | 第197-202页 |
Published Academic Papers during Ph.D. Period | 第202-203页 |
Acknowledgement | 第203-204页 |
About the Author | 第204-206页 |