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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Financial development and economic growth in the North African region
Author:Kouki, Imen
Year:2013
Periodical:African Development Review (ISSN 1017-6772)
Volume:25
Issue:4
Pages:551-562
Language:English
Geographic terms:Algeria
Egypt
Morocco
Tunisia
Subjects:economic development
banking
financial market
Link:http://onlinelibrary.wiley.com/doi/10.1111/1467-8268.12049/pdf
Abstract: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. The author finds that the relation depends on the type of indicator of financial development. In fact, while both financial institutions and markets have a positive effect on economic growth in Morocco and Tunisia, in Egypt only the financial markets improve economic growth by increasing the supply of financial services. For Algeria, the banking system has a positive effect on economic growth. Bibliogr., notes, sum. [Journal abstract]
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