Financial Development and Economic Growth: Case of the MENA Region

Article ID

33027

Financial Development and Economic Growth: Case of the MENA Region

Soltani Hassen
Soltani Hassen Facult des Sciences Economiques et de Gestion de Tunis, Universit Tunis El Manar
Maktouf Samir
Maktouf Samir
DOI

Abstract

The controversy over the relationship between the financial and real economic sphere was ambiguous. Many studies showed a positive relationship between these two spheres whereas others presented the perfectly opposed thesis. On the basis of data relating to 11 MENA countries, observed during the period 1995-2011 and by using the GMM method of the dynamic panel, the result showed that there is a positive relation between the financial development and economic growth. This relationship and more intense for the role of the MENA financial system.

Financial Development and Economic Growth: Case of the MENA Region

The controversy over the relationship between the financial and real economic sphere was ambiguous. Many studies showed a positive relationship between these two spheres whereas others presented the perfectly opposed thesis. On the basis of data relating to 11 MENA countries, observed during the period 1995-2011 and by using the GMM method of the dynamic panel, the result showed that there is a positive relation between the financial development and economic growth. This relationship and more intense for the role of the MENA financial system.

Soltani Hassen
Soltani Hassen Facult des Sciences Economiques et de Gestion de Tunis, Universit Tunis El Manar
Maktouf Samir
Maktouf Samir

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Soltani Hassen. 2014. “. Global Journal of Computer Science and Technology – G: Interdisciplinary GJMBR-G Volume 13 (GJMBR Volume 13 Issue G7): .

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Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

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GJMBR Volume 13 Issue G7
Pg. 35- 40
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Financial Development and Economic Growth: Case of the MENA Region

Soltani Hassen
Soltani Hassen Facult des Sciences Economiques et de Gestion de Tunis, Universit Tunis El Manar
Maktouf Samir
Maktouf Samir

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