Financial development and economic growth in the North African region

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Periodical article

Title:	Financial development and economic growth in the North African region
Author:	Kouki, Imen
Year:	2013
Periodical:	African Development Review (ISSN 1467-8268)
Volume:	25
Issue:	4
Pages:	551-562
Language:	English
Geographic terms:	Algeria Egypt Morocco Tunisia
Subjects:	economic development banking financial market
External link:	https://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]