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2019 | 12 | nr 4 | 160--176
Tytuł artykułu

Financial and Economic Determinants of Sustainable Economic Growth in Egypt, Nigeria and South Africa

Warianty tytułu
Języki publikacji
This study analyzes financial and economic determinants of sustainable economic performance using the quantile regression for the period from 1970 to 2016 for Egypt, Nigeria and South Africa. The main drivers of sustainable economic performance vary among the economies. It is driven by trade openness, government expenditure and political stability in Egypt. In South Africa, the desired threshold for financial development to impact growth is reached. Also, there is complementarity between financial development and trade openness. This proves their advancement at the domestic financial markets in the direction to sustainable economic performance. Interestingly, Nigerian economy's sustainable growth is enhanced by capital account openness. Policies that will boast intra trade in Africa are encouraged as the AfCFTA has come to spur manufacturing activities on the continent. At the same time, emphasis should be set to improve financial and economic determinants of sustainable economic performance. (original abstract)
Opis fizyczny
  • Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia; Kaduna State College of Education Gidan Waya, Kafanchan, Nigeria
  • Universiti Teknologi Malaysia, Johor, Malaysia
  • Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia
  • Ton Duc Thang University, Ho Chi Minh City, Vietnam
  • Lithuanian Institute of Agricultural Economics, Vilnius, Lithuania
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