This article examines the impact of financial development on economic
growth in 7 UEMOA countries. Unlike previous studies that focus on average
effects, it uses a quantile regression methodology to examine whether the
effect of financial development on economic growth is the same for countries at
all levels of economic development. The results highlight that financial
development is more conducive to economic growth in countries with higher
living standards. In addition, economic
openness benefits countries with a high standard of living more. Civil liberties have a positive impact on the
economic growth of the countries in the area. The study also concludes that
investment has a negative impact on economic growth in WAEMU countries.
numbers: C13, C21, O11, O16, O40.
Keywords: Financial Development, Regional Economic