Financial sector reforms and human development in Cameroon

Neba Cletus Yah; Beatrice D. Simo-Kengne

Financial sector reforms and human development in Cameroon

Neba Cletus Yah
, Beatrice D. Simo-Kengne

School of Economics

University of Johannesburg

Research output: Contribution to journal › Article › peer-review

Abstract

This paper investigates whether financial liberalisation improves the role of the financial sector in enhancing human development in Cameroon. Use is made of the ARDL cointegration and causality techniques to analyse annual data for the period from 1973 to 2013. Empirical findings indicate that financial liberalisation promotes financial development which enhances human development in the long run in Cameroon. Interestingly, a negative relationship is reported between economic growth and human development; suggesting the existence of a poor system of income redistribution in the country which is not conducive to inclusive development. This suggests that complementary reform policies in the redistributive system of the country are needed to fully unpack the potential of the financial sector in enhancing human development in Cameroon.

Original language	English
Pages (from-to)	66-88
Number of pages	23
Journal	African Finance Journal
Volume	20
Publication status	Published - 2018

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Keywords

Economic growth
Financial development
Financial liberalisation
Human development

ASJC Scopus subject areas

Finance

Cite this

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title = "Financial sector reforms and human development in Cameroon",

abstract = "This paper investigates whether financial liberalisation improves the role of the financial sector in enhancing human development in Cameroon. Use is made of the ARDL cointegration and causality techniques to analyse annual data for the period from 1973 to 2013. Empirical findings indicate that financial liberalisation promotes financial development which enhances human development in the long run in Cameroon. Interestingly, a negative relationship is reported between economic growth and human development; suggesting the existence of a poor system of income redistribution in the country which is not conducive to inclusive development. This suggests that complementary reform policies in the redistributive system of the country are needed to fully unpack the potential of the financial sector in enhancing human development in Cameroon.",

keywords = "Economic growth, Financial development, Financial liberalisation, Human development",

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note = "Publisher Copyright: {\textcopyright} 2018, African Finance Association.",

year = "2018",

language = "English",

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pages = "66--88",

journal = "African Finance Journal",

issn = "1605-9786",

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T1 - Financial sector reforms and human development in Cameroon

AU - Yah, Neba Cletus

AU - Simo-Kengne, Beatrice D.

PY - 2018

Y1 - 2018

N2 - This paper investigates whether financial liberalisation improves the role of the financial sector in enhancing human development in Cameroon. Use is made of the ARDL cointegration and causality techniques to analyse annual data for the period from 1973 to 2013. Empirical findings indicate that financial liberalisation promotes financial development which enhances human development in the long run in Cameroon. Interestingly, a negative relationship is reported between economic growth and human development; suggesting the existence of a poor system of income redistribution in the country which is not conducive to inclusive development. This suggests that complementary reform policies in the redistributive system of the country are needed to fully unpack the potential of the financial sector in enhancing human development in Cameroon.

AB - This paper investigates whether financial liberalisation improves the role of the financial sector in enhancing human development in Cameroon. Use is made of the ARDL cointegration and causality techniques to analyse annual data for the period from 1973 to 2013. Empirical findings indicate that financial liberalisation promotes financial development which enhances human development in the long run in Cameroon. Interestingly, a negative relationship is reported between economic growth and human development; suggesting the existence of a poor system of income redistribution in the country which is not conducive to inclusive development. This suggests that complementary reform policies in the redistributive system of the country are needed to fully unpack the potential of the financial sector in enhancing human development in Cameroon.

KW - Economic growth

KW - Financial development

KW - Financial liberalisation

KW - Human development

UR - https://www.scopus.com/pages/publications/85053163785

M3 - Article

AN - SCOPUS:85053163785

SN - 1605-9786

VL - 20

SP - 66

EP - 88

JO - African Finance Journal

JF - African Finance Journal

ER -

Financial sector reforms and human development in Cameroon

Abstract

UN SDGs

Keywords

ASJC Scopus subject areas

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