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Financial Development And Economic Growth In The Mena Region
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Book Synopsis Financial Development and Growth in the Middle East and North Africa by : Ms.Susan Creane
Download or read book Financial Development and Growth in the Middle East and North Africa written by Ms.Susan Creane and published by International Monetary Fund. This book was released on 2003-09-05 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, the authors assess financial sector development in the MENA regionand propose several policy measures, which include reinforcing the institutional environment and promoting nonbank financial sector development, to enhance this sector’s performance.
Book Synopsis Financial Development and Economic Growth in the MENA Region by : Sarah Salman Boudiab
Download or read book Financial Development and Economic Growth in the MENA Region written by Sarah Salman Boudiab and published by . This book was released on 2005 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research has two objectives. The first is theoretical portraying the progres s of studies in literature linking financial development to economic growth, the d ifferent channels, empirical methods used, financial crises and other emerging issues. Th e second is empirical producing a detailed mapping of trends in financial flows in the MENA region in addition to a comparison with other areas and countries of the wo rld. The research also includes a case study on SMEs in Lebanon, their importance, an d their financing difficulties. Our analysis provides partial evidence that the MENA region experienced increases in the financial flows since 9/ 11 and that some of these flows have r esulted in higher levels of liquidity and higher levels of private sector investments. This result was expected after the literature review on the subject. In the Lebanese case, when we studied the missing link between finance and growth, we concluded that problems faced by SMEs spring from the effect of the Lebanese debt situation and the particular ities of financial intermediation.
Book Synopsis Financial Development, Islamic Banking and Economic Growth by : Mohamed Goaied
Download or read book Financial Development, Islamic Banking and Economic Growth written by Mohamed Goaied and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we assess the relationship between the financial development and growth in some countries in the Middle East and North Africa (MENA) region. We try to check the specific effect of Islamic sector on the economic growth using the amount of credit issued to the private sector by Islamic banks as measures of Islamic financial development. There are three main findings. First, empirical results show an insignificant relationship between banking and growth which reinforce the idea that banks don't spur economic growth. Besides, we find that credit to private sectors affect negatively with economic growth. Second, Islamic banks don't make the exception in the financial markets and show a weak relation with growth but it tends to act positively as theoretically demonstrated. Third, there is evidence that this relationship is quite heterogeneous across MENA countries where financial development does not cause economic growth in MENA countries without oil windfall and the relationship is negative for Petroleum Exporting MENA Countries.
Book Synopsis Financial Development, ICT and Economic Growth by : Seifallah Sassi
Download or read book Financial Development, ICT and Economic Growth written by Seifallah Sassi and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to test jointly two economic puzzles: the effect of financial development and Information and Communication Technology (ICT) on economic growth. Theories predict a positive effect of financial development and ICT on growth but empirical studies on these relationships produced mixed results. Further, we investigate the interaction between financial development and ICT Diffusion to test whether the impact of financial development on growth is strengthened by better ICT infrastructure. In this paper we assess empirically these relationships in some MENA countries. The empirical study is based on estimation of a dynamic panel model with system GMM estimators. There are three main findings. First, our empirical results join empirical literature that find a negative direct effect of financial development on economic growth. This ambiguous relationship may be linked to many phenomenons but there aren't yet clear explanations of this puzzle. Second, the estimates reveal a positive and significant direct effect of ICT proxies on economic growth. This implies that MENA countries need to reinforce their ICT policies and improve using of new Information and Communication Technology. Finally, the interaction between ICT penetration and financial development is found positive and significant in the growth regression. This implies that economies in Mena region can benefit from financial development only once a threshold of ICT development is reached.
Book Synopsis Economic Development in the MENA Region by : Mohamed Sami Ben Ali
Download or read book Economic Development in the MENA Region written by Mohamed Sami Ben Ali and published by Springer Nature. This book was released on 2021-05-08 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers new perspectives on the economic development of the Middle East and North Africa region. Offering both theoretical studies and empirical country studies, it examines micro- and macroeconomic issues and provides deep insights into the development challenges and prospects of various countries in the region. The articles examine a wide range of development issues, including economic growth, natural resource use, food security, poverty and inequality, corruption and transparency, military spending, water and resource scarcity, agriculture and aid effectiveness, and other relevant issues. The volume is aimed at scholars in economic and development studies as well as policy-makers and investors interested in the economic development of the MENA region.
Book Synopsis Key Challenges and Policy Reforms in the MENA Region by : Mohamed Sami Ben Ali
Download or read book Key Challenges and Policy Reforms in the MENA Region written by Mohamed Sami Ben Ali and published by Springer Nature. This book was released on 2022-04-22 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume addresses economic challenges and policy reforms in the Middle East and North Africa (MENA) region. Despite important resources and strategic advantages, the region suffers from a number of economic, social, and political problems that impedes normal economic take-off. The volume contains theoretical and empirical studies covering individual countries and panel studies addressing these economic challenges. Chapters address issues such as economic growth; poverty and inequality; subsidies and public finances policies; external trade and financial liberalization; remittances, corruption, transparency, and institutions; renewable energy, digitalization, terrorism, regional integration, capital flight, money laundering, financial development and brain drain. Providing a comprehensive understanding of the most important and urgent economic challenges in the region, this volume will be a useful reference for researchers and policymakers interested in the MENA region.
Book Synopsis Challenges of Growth and Globalization in the Middle East and North Africa by : Mr.Hamid R Davoodi
Download or read book Challenges of Growth and Globalization in the Middle East and North Africa written by Mr.Hamid R Davoodi and published by International Monetary Fund. This book was released on 2003-09-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
Book Synopsis Financial Development and Economic Growth by : Suleiman Abu-Bader
Download or read book Financial Development and Economic Growth written by Suleiman Abu-Bader and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the causal relationship between financial development and economic growth for six Middle Eastern and North African countries (Algeria, Egypt, Israel, Morocco, Syria, and Tunisia), within a quadvariate vector autoregressive framework. We employ four different measures of financial development and apply the augmented vector autoregression vector (VAR) methodology of Toda and Yamamoto to test for Granger causality. Our empirical results strongly support the hypothesis that finance leads to growth in five out of the six countries. Only in Israel could weak support be found for causality running from economic growth to financial development but no causality in the other direction. These findings suggest the need to accelerate the financial reforms that have been launched since the mid 1980s and to improve the efficiency of these countries financial systems to stimulate saving/investment and, consequently, long-term economic growth.
Book Synopsis Economic Development in the Middle East and North Africa by : Mohamed Sami Ben Ali
Download or read book Economic Development in the Middle East and North Africa written by Mohamed Sami Ben Ali and published by Springer. This book was released on 2016-01-26 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using cases on individual countries, Economic Development in the Middle East and North Africa offers diverse theoretical and empirical evidence on a variety of issues facing policymakers, investors, and other stakeholders in the region.
Book Synopsis The Economic Development Process in the Middle East and North Africa by : Alessandro Romagnoli
Download or read book The Economic Development Process in the Middle East and North Africa written by Alessandro Romagnoli and published by Routledge. This book was released on 2013-11-12 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering a comprehensive analysis of the development of economies in the Middle East and North Africa over the past half century, this book charts the progress of these countries through an examination of an Islamic model of economic development, reform processes, and economic integration. Far from being a simple process, economic development in the Middle East and North Africa is dependent on the interaction of a set of changing systems including; international relations, the political regime, economy, and society. By analysing these interdependent factors, The Economic Development Process in MENA seeks to provide answers to the most pressing issues facing the economies in this area. Providing an interpretation of regional development in light of dialectics between state and society, this book will be of value to students and scholars with an interest in the Middle East, Economics, and International Relations.
Book Synopsis Constraintson Growth in the MENA Region by : Ms.Rina Bhattacharya
Download or read book Constraintson Growth in the MENA Region written by Ms.Rina Bhattacharya and published by International Monetary Fund. This book was released on 2010-02-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we contribute to the empirical literature on growth in the MENA region by attempting to quantify the impact of the various constraints faced by local businesses highlighted by the World Bank’s Business Enterprise surveys. To the best of our knowledge this dataset has not been used in any empirical analysis looking at the main constraints on growth in the MENA region. Our empirical results suggest that the key direct constraints to growth in the MENA region are difficulties in access to finance, labor skill mismatches and shortages, and electricity constraints.
Book Synopsis Financial Access and Stability by : The World Bank
Download or read book Financial Access and Stability written by The World Bank and published by World Bank Publications. This book was released on 2011-09-21 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and a sense of political, social, and economic exclusion, especially among the youth. The relatively weak growth performance reflects a combination of insufficient reforms and weak reform implementation, including financial sector reforms. The structural weaknesses of financial sectors imply that access to finance may remain restricted even with a full recovery of credit activity. Therefore, the region s countries face an ambitious reform agenda to revert two decades of relatively poor performance of output and employment growth. Financial development should be a central component of the region s growth agenda. This study reviews the region s financial systems, the severity of the limitations on access to finance, and the main factors behind such limitations. It goes on to provide a road map for expanding access and preserving financial stability.
Book Synopsis Institutional Determinants of Financial Development in MENA Countries by : Mondher Cherif
Download or read book Institutional Determinants of Financial Development in MENA Countries written by Mondher Cherif and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Development and Economic Growth by : Mr.Pablo Emilio Guidotti
Download or read book Financial Development and Economic Growth written by Mr.Pablo Emilio Guidotti and published by International Monetary Fund. This book was released on 1992-12-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross–country sample, but with a negative sign using panel data for Latin America. Our findings suggest that the main channel of transmission from financial development to growth is the efficiency of investment, rather than its volume. We also present a model where the negative correlation between financial intermediation and growth results from financial liberalization in a poor regulatory environment.
Book Synopsis Challenges of Economic Development in the Middle East and North Africa Region by : Julia Devlin
Download or read book Challenges of Economic Development in the Middle East and North Africa Region written by Julia Devlin and published by World Scientific. This book was released on 2010 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: development, political scientists and development practitioners." --Book Jacket.
Book Synopsis Stock Markets, Banks, and Economic Growth by : Sami Ben Naceur
Download or read book Stock Markets, Banks, and Economic Growth written by Sami Ben Naceur and published by . This book was released on 2005 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since few decades, a wide theoretical debate is concerned with the fundamental relationship between financial development and economic growth as well as the separate impact of banks on growth and financial markets on growth. Recent studies shed some light on the simultaneous effect of banks and financial development on growth. The empirical study is conducted using an unbalanced panel data from ten MENA region countries. Econometric issues will be based on estimation of a dynamic panel model with GMM estimators. Thus, peculiarities of MENA region countries will be detected. The empirical results reinforce the idea of no significant relationship between banking and stock market development, and growth. The association between stock markets and growth is even negative after controlling for bank development. This lack of relationship must be linked either to underdeveloped financial systems in the MENA region that hamper economic growth or to unstable growth rates in the region that affect the quality of the association between finance and growth. Moreover, in most transition economies the stock markets are very thin. This may lead to excessively volatile share prices. According to Singh (1997), stock price volatility may seriously hamper economic development.
Book Synopsis Challenges of Economic Development in the Middle East and North Africa Region by : Julia Devlin
Download or read book Challenges of Economic Development in the Middle East and North Africa Region written by Julia Devlin and published by World Scientific. This book was released on 2010 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ch. 1. Is MENA exceptional? ch. 2. State formation, consolidation, and development, 1960s-1980s -- ch. 3. Toward greater use of markets and the global economy? -- ch. 4. Oil, OPEC, and the challenges of surplus management -- ch. 5. Water scarcity and agricultural policy in the MENA region -- ch. 6. Building a new future : development in the post-conflict context and post-disaster recovery -- ch. 7. Is the MENA region "open" for business? -- ch. 8. Making global integration work for MENA countries -- ch. 9. Are market disciplines sufficient? Industrial policy and technology transfer -- ch. 10. The keys to the future : human capital development in the MENA region -- ch. 11. Are MENA's labor markets the key to growth? -- ch. 12. Closing the poverty gap in MENA -- ch. 13. Development assistance and its effectiveness in MENA countries -- ch. 14. Pathways to future prosperity.
