Financial integration in Africa: new evidence using network approach

Mita Bhattacharya, John Nkwoma Inekwe, Maria Rebecca Valenzuela

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12 Citations (Scopus)


We provide an empirical analysis of the network structure of African countries based on a unique data set from the syndicated loans market. Using dynamic panel estimation techniques, we analyse the effects of economic, political and trade integrations on finance. Our findings reveal that the network-based measures perform relatively better than the conventional measures in most cases. Economic activities and money supply will help to strengthen the financial sector of the African economies. Moreover, we establish the significance of connectivity within and outside the continent during the integration process. Political and trade influences are somewhat weak and need further attention.

Original languageEnglish
Pages (from-to)379-390
Number of pages12
JournalEconomic Modelling
Publication statusPublished - Jun 2018


  • Africa
  • Dynamic panel
  • Eigenvector
  • International financial integration
  • Network

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