les cahiers du mecas
Volume 12, Numéro 1, Pages 48-63
Financial Development - Economic Growth Nexus:selected Mena Countries
Authors : Gherbi Nacer Salah Eddine . Medjahed Kenza . Halaili Narimene .
Abstract
This paper explores the finance-growth nexus in eleven Middle East and North Africa countries, using dynamic panel estimation techniques (DOLS and FMOLS) and panel causality test during the period 1980 -2012, also using principal component analysis to build financial development index. The results showed that the relationship between financial deepening and growth is bi-directional in MENA countries: financial development granger – causes growth and growth granger – causes financial development.
Keywords
financial development, economic growth, dynamic panel data, panel causality test, MENA countries.
Les articles similaires
Jbir Rafik
.
pages 12-24.
Lakhdar Abdelmalek
.
Youcef Souar
.
pages 782-802.
Gazdar Kaouthar
.
pages 95-112.
Namadina Hamza
.
Lukman Lawal
.
pages 71-89.
Yousfi Elhousseyn
.
Hamrit Abdelatif
.
pages 176-192.
