The Impact of Credit Union Financial Intermediation on Economic Growth: a Multi-country Analysis
Year: 2013
Type: article
Abstract: The paper investigates the relationship between credit union (CU) financial intermediation and economic growth using seventeen-year data (1995-2011) from 12 CU countries. Using the panel Generalized Method of Moments (GMM) estimation technique, the study finds that there is a statistically significant positive relationship between CU financial intermediation and economic growth. On the strength of this evidence, the paper concludes that CU financial intermediation has a positive impact on economic growth and thus recommends a vigorous promotion of CU financial intermediation in the study countries.
Authors: Michael Adusei, Samuel K. Afrane
Institution: Kwame Nkrumah University of Science and Technology
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W203470287