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Empirical Economic Bulletin, An Undergraduate Journal

Abstract

This paper investigates impact of financial deepening on economic growth and productivity in sub-Saharan Africa. The study uses variables from various studies that are said to most likely impact economic growth and productivity in a country. This study uses a Panel Data analysis to examine the impact of these variables especially financial deepening on both economic growth and productivity. The fixed effect and random effect model both suggest that overall financial deepening has a positive impact on economic growth in sub-Saharan Africa. The study also suggest that financial deepening has a positive effect on productivity in sub-Saharan Africa.

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