Revue Economie, Gestion et Société, Vol. 1, No 23 (2020)

DEVELOPPEMENT FINANCIER ET CROISSANCE ECONOMIQUE EN AFRIQUE SUBSAHARIENNE : UNE APPLICATION DU MODELE PSTR

Mame Mor SENE, Abdou THIAO

Résumé


This article examine the effect of financial development on economic growth in sub-Saharan African countries over a period from 1980 to 2015. The empirical estimation realized using PSTR (Panel Smooth Threshold Regression) show that there is a non-linear relationship between financial development and economic growth. These results confirm the presence of threshold effect.