[ Analyse du développement du secteur financier et économique de la République Démocratique du Congo de 1980 à 2016 ]
Volume 40, Issue 3, September 2023, Pages 974–983
Patient KAYEMBE NYEMBO1
1 Département des sciences Commerciales et Administratives, Institut Supérieur Pédagogique, Kabongo, Haut-Lomami, RD Congo
Original language: French
Copyright © 2023 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This study examines the relationship between financial sector development and economic growth in DR Congo (DRC). Indeed, well-functioning financial markets are a key factor in achieving high economic growth, while inefficient financial markets are one of the reasons many countries around the world romain desperately poor. Hence, the development of the financial sector can drive economic growth. The main objective of this work is therefore to determine the influence of the financial system on economic growth in the DRC). By conducting this study, we specifically want to verify whether financial development indicators are significantly related to the growth of the Gross Domestic Product (GDP) in the DRC. The econometric analysis is based on a general linear model, and the data used for this analysis come mainly from the World Bank and the Central Bank of Congo. The results obtained show that the savings rate has a positive and significant impact on economic growth in the DRC; the interest rate also influences economic growth but in a negative way. These results show that the development of the financial sector promotes growth in the DRC.
Author Keywords: Financial sector, Economic growth, Development, savings rate, interest rate.
Volume 40, Issue 3, September 2023, Pages 974–983
Patient KAYEMBE NYEMBO1
1 Département des sciences Commerciales et Administratives, Institut Supérieur Pédagogique, Kabongo, Haut-Lomami, RD Congo
Original language: French
Copyright © 2023 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This study examines the relationship between financial sector development and economic growth in DR Congo (DRC). Indeed, well-functioning financial markets are a key factor in achieving high economic growth, while inefficient financial markets are one of the reasons many countries around the world romain desperately poor. Hence, the development of the financial sector can drive economic growth. The main objective of this work is therefore to determine the influence of the financial system on economic growth in the DRC). By conducting this study, we specifically want to verify whether financial development indicators are significantly related to the growth of the Gross Domestic Product (GDP) in the DRC. The econometric analysis is based on a general linear model, and the data used for this analysis come mainly from the World Bank and the Central Bank of Congo. The results obtained show that the savings rate has a positive and significant impact on economic growth in the DRC; the interest rate also influences economic growth but in a negative way. These results show that the development of the financial sector promotes growth in the DRC.
Author Keywords: Financial sector, Economic growth, Development, savings rate, interest rate.
Abstract: (french)
La présente recherche porte sur l’analyse du développement du secteur financier et économique de la RD du Congo (RDC). A cet effet, des marchés financiers qui s’organisent bien sont un facteur clé pour réaliser une croissance économique élevée, alors que des marchés financiers désorganisés sont une des causes pour lesquelles de nombreux pays dans le monde demeurent désespérément pauvres. Ainsi, le développement du secteur financier peut conduire la croissance économique. Ce travail a donc pour objectif principal de déterminer l’influence du système financier sur la croissance économique en RDC. En menant cette étude, nous voulons de façon spécifique vérifier si les indicateurs du secteur financier sont en liaison significative avec la croissance du Produit Intérieur Brut (PIB) en RDC. L’analyse économétrique se base sur un modèle linéaire général, et les données utilisées pour cette analyse proviennent essentiellement de la Banque Mondiale et de la Banque Centrale de la RD Congo. Les résultats obtenus montrent que le taux d’épargne a une incidence positive et significative sur la croissance économique en RDC; le taux d’intérêt également influence la croissance économique mais de façon négative. Ces résultats montrent ainsi que le développement du secteur financier favorise la croissance en RDC.
Author Keywords: Secteur financier, Croissance économique, Développement, taux d’épargne, taux d’intérêt.
How to Cite this Article
Patient KAYEMBE NYEMBO, “Analysis of the development of the financial and economic sector of the Democratic Republic of Congo from 1980 to 2016,” International Journal of Innovation and Applied Studies, vol. 40, no. 3, pp. 974–983, September 2023.
