Financial Development and Economic Growth in North African Region

Journal Article

Harrathi, Nizar . 2103

• نوع عمل المنشور: Article
• رابط المنشور على الويب: http://onlinelibrary.wiley.com/doi/10.1111/1467-8268.12076/full
• المجلة \ الصحيفة: African Development Review.
• رقم العدد: 4
• رقم الإصدار السنوي: 25
• الصفحات: 551-562

مستخلص المنشور

This paper empirically investigates the relationship between financial development and economic growth in the North Africa region, using a panel regression and different indicators of financial development. We find that the relation depends on the type of the indicator of financial development. In fact, while both financial institutions and markets in Morocco and Tunisia have a positive effect on the economic growth, only the financial markets in Egypt will improve economic growth by increasing the supply of financial services. For Algeria, the banking system has a positive effect on economic growth.