... accessibility MSMEs Labour productivity Developing countries Institutional quality E51 L25 L51 O31 Micro, small and medium enterprises (MSMEs) play a critical role in driving inclusive economic development and growth. They contribute significantly to employment, exports, entrepreneurship...

... out Bank ownership E51 G18 G21 G28 The role of finance in economic growth is largely undisputed in the literature (Levine, 1997 , 2005). As if taking a cue from this literature, a large number of countries have liberalized their financial sectors over the past two decades...

... and the methodology are discussed in Section 3. Empirical analysis is covered in Section 4. Section 5 concludes. Africa Banking Inflation Monetary policy VECM Output effects E51 E52 E58 E59 O55 In large industrial economies, changes in monetary policy affect real economic activity...