Analysis of the relationship between financial development and economic growth in Mauritania
Keywords:Financial development; Economic growth ; Cointegration ; Estimation ; Model.
This article examines the causal link between financial development and economic growth in Mauritania during the period 1992-2019 using Johansen's approach based on the ordinary least squares (OLS) method. The empirical results of this study show that in the short-run only the variables credit to the private sector and mobilization of savings are significant with negative effects. However, in the long-run, it is only the variables: public expenditure, trade openness and credit to the private sector, that are significant. The impact of the first variable was positive while those of the last were negative.
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