The Relationship among Human Capital, Financial Development and Economic Growth: Panel VARX Evidence from ECOWAS Countries

View Full Paper

Ask AI

Bookmark

Authors

Discussion

Panel VARX analysis reveals bidirectional causality between money supply and life expectancy, suggesting implications for policy.

Evidence shows bidirectional causality between money supply and life expectancy, highlighting its importance for health outcomes.
Significant positive impact of economic growth on financial development through domestic credit, yet effects on money supply are negligible.
Education human capital positively affects GDP, while its interaction with financial development is not statistically significant.
Financial development's impact on economic growth varies; broad money adversely affects growth, while domestic credit shows a positive, albeit insignificant, effect.

Sekmen et al. (2025) studied this question.

View Full Paper

Ask AI

Bookmark