International Journal of Economics and Financial Research

Online ISSN: 2411-9407
Print ISSN: 2413-8533

Quarterly Published (4 Issues Per Year)


Volume 9 Number 1 March 2023

Financial Stability and Economic Growth in the Cemac Zone: A Panel Cointegration Approach

Authors: Vivien Narcisse WABO NOKAM ; Wilfred KEM MUNGONG
Pages: 1-8
The objective of this study is to analyze the impact of financial stability on economic growth in the CEMAC zone. Using annual data over the period 2003-2016, the empirical results from the estimation of a cointegrated panel model using FMOLS and DOLS methods indicate that financial stability has a positive effect on economic growth. Moreover, these results reveal that financial depth does not significantly influence economic growth in the area.