The Nexus Between Financial Development, Economic Growth and Poverty Alleviation: PMG-ARDL Estimation

This study aims to find out the connections between financial development, economic growth, and poverty using panel data from 1985 2017 in fourteen African countries that many previous researchers ignore. The deploys a dynamic Granger causality test trace nexus reduction Africa long run. First, upshots suggest gross domestic product, capital formation, price of household consumption, government expenditure substantially impacting poverty. Besides that, result also shows bi-directional run PMG estimator. findings broadly support view there is stable, short-run relationship error correction terms. However, other variables show no causal short In practicality, this suggested some policy implications supported governmental policies reduce hardship on institutions.JEL Classification: G10, O47, I39, C33How Cite:Korankye, B., Wen, X., Appiah, M., & Antwi, L. (2021). Nexus Between Financial Development, Economic Growth, Poverty Alleviation: PMG-ARDL Estimation. Etikonomi: Jurnal Ekonomi, 20(1), 1 – 12. https://doi.org/10.15408/etk.v20i1.15908.