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Yakubu, Z., Loganathan, N., Hassan, A., Mardani, A., & Streimikiene, D. (2019).
Financial and economic determinants of sustainable economic growth in Egypt, Nigeria
and South Africa. Journal of International Studies, 12(4), 160-176. doi:10.14254/2071-
8330.2019/12-4/11
Financial and economic determinants of
sustainable economic growth in Egypt,
Nigeria and South Africa
Zakaria Yakubu
Azman Hashim International Business School,
Universiti Teknologi Malaysia,
Kuala Lumpur, Malaysia;
Department of Economics,
Kaduna State College of Education Gidan Waya,
Kafanchan, Kaduna State, Nigeria
zakyakdo@yahoo.com
Nanthakumar Loganathan
Azman Hashim International Business School,
Universiti Teknologi Malaysia,
Johor Bahru, Johor, Malaysia
n4nantha@yahoo.com
Asan Ali Golam Hassan
Azman Hashim International Business School,
Universiti Teknologi Malaysia,
Kuala Lumpur, Malaysia
asanali@utm.my
*
Abbas Mardani
Informetrics Research Group, Ton Duc Thang University,
Ho Chi Minh City, Vietnam
Faculty of Business Administration, Ton Duc Thang University,
Ho Chi Minh City, Vietnam.
* Corresponding Email: abbas.mardani@tdtu.edu.vn
Dalia Streimikiene
Lithuanian Institute of Agrarian Economics,
Vilnius, Lithuania
dalia.streimikiene@knf.vu.lt
Abstract. This study analyzes financial and economic determinants of
sustainable economic performance using the quantile regression for
the period from 1970 to 2016 for Egypt, Nigeria and South Africa.
The main drivers of sustainable economic performance vary among
the economies. It is driven by trade openness, government
expenditure and political stability in Egypt. In South Africa, the
desired threshold for financial development to impact growth is
Received:
December, 2018
1st Revision:
May, 2019
Accepted:
November, 2019
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© CSR, 2019