|Loaba Salimata supports her thesis thanks toPTCI|
|Written by Bery Kandji|
|Wednesday, 28 May 2014 15:25|
Loaba Salimata is one of the beneficiaries of the Support Program for Doctoral Thesis launched by the PTCI in 2000. She defended her PhD on May 23, 2014 at the UF R/ SEG of the University of Ouagadougou 2, to a jury of imminent professors: Prof. Kimseyinga Savadogo, thesis supervisor, Professor Yves Abessolo from Cameroon, President of the Jury, Pr Cirpe Gnaderman Director of the UFR / SEG Ouaga 2, Professor Chérif Sidy Kane from Senegal, Prof. Pam Zahonogo from University Ouaga 2, co-director of the thesis and Professor Akoété Ega Agbodji from Togo.
Her thesis, which deals with «Asymétries d’information sur le marché bancaire et croissance économique dans l’UEMOA», received an honorable mention from the jury.
Here is the summary
The West African Economic and Monetary Union (WAEMU) countries are making poor economic performance compared to other developing countries. This slow growth is partly explained by the strong information asymmetry on the banking market which leads banks to ration credit to the economy.
In this study, information asymmetries are included in the analysis of the link between financial development and economic growth. It is integrating credit risk in the analysis of the link between bank credit and economic growth. We make assumption that asymmetry information reduces the effect of financial development on economic growth.
To test this hypothesis, a sample of seven WAEMU countries covering the period 1986-2010 is used. We used two methods to estimate the econometric relation. The first method is the system GMM, applied to a linear growth model. The second method is the Three Stage Least Squares, used on a set of simultaneous equations. The results with two methods indicate a positive effect of financial development, as measured by bank credit on growth and a negative effect of credit risk on economic growth. The results show that taking into account the credit risk limited the positive impact of financial development on economic growth.
Reducing information asymmetries can increase the funding of the economy and thus economic growth.