n Review of Development Finance - Does bank competition spur economic growth? Evidence from West African countries

Volume 9 Number 2
  • ISSN : 1879-9337


The role of a well-developed financial market in promoting growth has been well articulated in the existing literature. However, the question of whether or not bank competition spur growth remains unresolved. Thus, this study conducts an empirical investigation of the effect of bank competition on economic growth in West African countries, using data from 1998 to 2015. System Generalized Method of Moments and fixed effect estimation techniques were used. The study results show that bank competition spurs economic growth in the region, thus lending support to the market power hypothesis.

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