Asongu, Simplice A. - 2012
assessment of the finance-investment nexus. Design/methodology/approach - VAR models in the perspectives of VECM and short … investment elasticities are positive, investment elasticities of finance are negative; (2)but for Guinea Bissau, Mozambique and … Togo, finance does not seem to engender portfolio investment; (3)contrary to mainstream literature, financial efficiency …