Financial Development and Economic Growth: Case of the MENA Region

1
Soltani Hassen
Soltani Hassen
2
Maktouf Samir
Maktouf Samir
1 Facult des Sciences Economiques et de Gestion de Tunis, Universit Tunis El Manar

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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.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Soltani Hassen. 2014. \u201cFinancial Development and Economic Growth: Case of the MENA Region\u201d. Global Journal of Computer Science and Technology - G: Interdisciplinary GJMBR-G Volume 13 (GJMBR Volume 13 Issue G7): .

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GJMBR Volume 13 Issue G7
Pg. 35- 40
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Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

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February 26, 2014

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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.

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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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