Bank Efficiency And Economic Growth An Empirical Analysis Of The Economies Of The East African Community Eac Countries
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| Author | : Pantaleo J. Kessy |
| Publisher | : |
| Total Pages | : 147 |
| Release | : 2007 |
| Genre | : Banks and banking |
| ISBN | : 9780549049418 |
The empirical results of the study are consistent with the above hypothesis, as the bank efficiency variable is found to be positive and statistically significant for all specifications considered. To examine the two hypothesized channels of transmission, we test whether commercial banks efficiency variable has positive effects on the productivity of capital and level of savings on one hand, and on the other hand we test whether these intermediate variables have positive effects on GDP growth. The empirical results confirm that commercial banks' efficiency is positively associated with both capital productivity and level of savings. In addition, the results suggest that these intermediate variables are positively and statistically related to GDP growth.
| Author | : Sarah Sanya |
| Publisher | : International Monetary Fund |
| Total Pages | : 25 |
| Release | : 2012-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1463933177 |
This paper is an empirical analysis of competitiveness in the banking system of four out of the five East African Community (EAC) countries2. The results show that the degree of competition is low due to a combination of structural and socio-economic factors. By way of preview, the analysis ranks the countries in terms of banking sector competitiveness in the following order: Kenya, Tanzania, Uganda and Rwanda.
| Author | : Ms.Catherine McAuliffe |
| Publisher | : International Monetary Fund |
| Total Pages | : 55 |
| Release | : 2012-11-14 |
| Genre | : Business & Economics |
| ISBN | : 1475586310 |
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.
| Author | : Mr.Nikoloz Gigineishvili |
| Publisher | : International Monetary Fund |
| Total Pages | : 23 |
| Release | : 2014-08-12 |
| Genre | : Business & Economics |
| ISBN | : 1498374948 |
Is rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide range of other sectors—bodes well for continued growth, as do gradual improvements in quality. Yet, no clear winners on the production side seem to have emerged, to embed a durable comparative advantage in international markets. These observations may instill a note of caution against projecting rapid growth into the distant future.
| Author | : Zelalem Birhan |
| Publisher | : GRIN Verlag |
| Total Pages | : 85 |
| Release | : 2023-11-16 |
| Genre | : Business & Economics |
| ISBN | : 3346970485 |
Master's Thesis from the year 2020 in the subject Economics - Economic Cycle and Growth, grade: 3.33, Ethiopian Civil Service University, language: English, abstract: This paper examined the relationship between banking sector development and economic growth in Ethiopia. The paper also examines the effect of banking development on economic growth in Ethiopia and to establish which theory holds for Ethiopia between the demand-following and the supply-leading theory. Unlike the majority of previous studies, this study uses the newly developed ARDL-bounds testing approach to examine the relationship. The ARDL-bounds testing approach has numerous advantages over other co-integration techniques, especially when a short time-series dataset is used. In order to test the robustness of the empirical results, three proxies of bank-based financial development have been used; namely: 1) the domestic credit provided by the banking sector as a ratio of GDP, 2) broad money supply as a ratio of GD, 3) private credit as percentage of GDP. Annual time series data between the years 1987 and 2019 were used for the study, from the National Bank of Ethiopia (NBE) statistical bulletin. The structural break unit root test revealed that all the variables are stationary at their first difference; the bound test cointegration analysis established the existence of long run relationship among the variables. The ARDL revealed that domestic credit provided by the banking sector significantly affected economic growth in the long run, while private credit statistical significant and negatively affect economic growth in the short run during the period of study. The empirical results of this study show that the effect of banking sector development and economic growth in Ethiopia is sensitive to the proxy used to measure the banking sector development. The policymakers need to make policies that can lead to establishment of banking institutions in the rural areas which have limited access to banking services and create enabling legal environment for efficient allocation of credit to the private sector at the same time the supervisory organ shall establish conducive environment for banking institution which are engaging in loan granting for diversified economic sectors for private investment.
| Author | : Mugerwa, Paul |
| Publisher | : Asante Capital Hub |
| Total Pages | : 513 |
| Release | : 2017-07-20 |
| Genre | : Business & Economics |
| ISBN | : 9970532014 |
In this century, regional integration is taking a new shape in Africa. This book provides a deeper analysis of the: EAC Financial Institutions; the Commodity & Financial Markets the EAC Financial assets; a break-down of EAC Financial Infrastructure, Risks & Intermediation; and an exploration of EAC financial system players. Finally, the writer proposes an efficient and Integrated Financial System model that would work for the EAC economies to achieve regional and global competitiveness.
| Author | : Mr.Hamid Reza Davoodi |
| Publisher | : International Monetary Fund |
| Total Pages | : 59 |
| Release | : 2013-02-06 |
| Genre | : Business & Economics |
| ISBN | : 1475530579 |
Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical inferences, but somewhat strong when using non-standard inference methods; (ii) when MTM is present, the precise transmission channels and their importance differ across countries; and (iii) reserve money and the policy rate, two frequently used instruments of monetary policy, sometimes move in directions that exert offsetting expansionary and contractionary effects on inflation—posing challenges to harmonization of monetary policies across the EAC and transition to a future East African Monetary Union. The paper offers some suggestions for strengthening the MTM in the EAC.
| Author | : Mr.Masafumi Yabara |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2012-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1463971826 |
Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in developing domestic capital markets through a regional approach, removing constraints on capital transactions and harmonizing market infrastructure. Nevertheless, empirical analysis suggests capital market integration has not deepened during the past few years in the EAC, although convergence of investment returns is taking place to some extent. Learning from the experience of the West African Economic and Monetary Union and the Association of Southeast Asian Nations, EAC countries would benefit from four actions to accelerate financial market integration: (i) further harmonize market infrastructure; (ii) strengthen regional surveillance mechanisms; (iii) encourage local currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional institutions.
| Author | : Aloysius Ajab Amin |
| Publisher | : Springer Nature |
| Total Pages | : 449 |
| Release | : 2022-05-26 |
| Genre | : Business & Economics |
| ISBN | : 3030962253 |
This book provides an overview of the monetary and financial systems seen in Africa. The issues related to these systems are examined to help evaluate their effectiveness in fostering the development of African economies. Economic integration is extensively discussed to highlight variations between different parts of Africa and the specific challenges seen within certain regions. The impact of monetary unions, in particular the CFA franc zone, on economic activities is also explored. This book aims to outline how sustainable development can be achieved in Africa through well-developed financial and monetary institutions and policies. It will be relevant to students, academics and policy makers interested in African and development economics.
| Author | : Mr.Paulo Drummond |
| Publisher | : International Monetary Fund |
| Total Pages | : 58 |
| Release | : 2015-07-20 |
| Genre | : Business & Economics |
| ISBN | : 1513562177 |
This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and examines likely future changes in the EAC economies.
