Financial development and economic growth
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Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
In Sub-Saharan Africa, rapid growth of financial sectors combined with vulnerabilities such as limited regulatory capacity poses risks to financial system stability.
“This rapid growth, combined with vulnerabilities such as limited regulatory capacity, poses risks to financial system stability.”
From Financial development and economic growth in Sub-Saharan Africa using system GMM analysis (2026) · cites this paper as [3]
Cites
A contribution to the theory of economic growth
Solow, R. M. (1956) · The Quarterly Journal of Economics · doi:10.2307/1884513 · Cited by 24,483 · see citing works
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Financial development and economic growth: New evidence from panel data
Hassan, M. K., Sanchez, B., & Yu, J.-S. (2011) · The Quarterly Review of Economics and Finance · doi:10.1016/j.qref.2010.09.001 · Cited by 795 · see citing works
Does too much finance harm economic growth?
Law, S. H., & Singh, N. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.12.020 · Cited by 789 · see citing works
Samargandi, N., Fidrmuc, J., & Ghosh, S. (2015) · World Development · doi:10.1016/j.worlddev.2014.11.010 · Cited by 647 · see citing works
Kar, M., Nazlıoğlu, Ş., & Ağır, H. (2011) · Economic Modelling · doi:10.1016/j.econmod.2010.05.015 · Cited by 535 · see citing works
Hsueh, S.-J., Hu, Y.-H., & Tu, C.-H. (2013) · Economic Modelling · doi:10.1016/j.econmod.2013.02.027 · Cited by 231 · see citing works
Qamruzzaman, M., & Jianguo, W. (2018) · Financial Innovation · doi:10.1186/s40854-018-0103-3 · Cited by 92 · see citing works
Financial and economic development in the context of the global 2008–09 financial crisis
Afonso, A., & Blanco-Arana, M. C. (2022) · International Economics · doi:10.1016/j.inteco.2021.11.006 · Cited by 65 · see citing works
Department of Management Sciences, C. U., TARIQ, R., KHAN, M. A., & RAHMAN, A. (2020) · The Journal of Asian Finance, Economics and Business · doi:10.13106/jafeb.2020.vol7.no8.161 · Cited by 51 · see citing works
Government and Financial Institutional Determinants of Development in MENA Countries
Arayssi, M., Fakih, A., & Kassem, M. (2019) · Emerging Markets Finance and Trade · doi:10.1080/1540496x.2018.1507907 · Cited by 29 · see citing works
A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis
Hacievliyagil, N., & Eksi, I. H. (2019) · South East European Journal of Economics and Business · doi:10.2478/jeb-2019-0006 · Cited by 22 · see citing works
Is too much liquidity harmful to economic growth?
Chu, L. K., & Chu, H. V. (2020) · The Quarterly Review of Economics and Finance · doi:10.1016/j.qref.2019.07.002 · Cited by 18 · see citing works
Ullah, W., Zubir, A. S. M., & Ariff, A. M. (2024) · Sage Open · doi:10.1177/21582440241267142 · Cited by 5 · see citing works
Arcand, J., Berkes, E., & Panizza, U. (2026) · The Manchester School · doi:10.1111/manc.70057 · Cited by 3 · see citing works
Financial development and economic growth in Sub-Saharan Africa using system GMM analysis
Ergano, T. Y., & Rao, S. P. (2026) · PLOS One · doi:10.1371/journal.pone.0349118 · Cited by 1 · see citing works
- Authors
- De Gregorio, J., & Guidotti, P. E.
- Affiliations
- International Monetary Fund (US)
- Venue
- World Development
- Publisher
- Elsevier BV
- Published
- 1995-03
- Volume
- 23
- Issue
- 3
- Pages
- 433-448
- ISSN
- 0305-750X (ISSN-L)
- OpenAlex
- W2018944810
- Cited by
- 1,216
- References
- 1
- Citations by year
- 2026: 26 · 2025: 35 · 2024: 45 · 2023: 54 · 2022: 58 · 2021: 51 · 2020: 66 · 2019: 51 · 2018: 56 · 2017: 70 · 2016: 51 · 2015: 67 · 2014: 88 · 2013: 65 · 2012: 58
- FWCI
- 24.35
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- World Development (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Physical Sciences › Computer Science › Information Systems › Economic Growth and Development
- Keywords
- financial development, economic growth, financial services, economic development
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
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