Trade openness, financial development and economic growth in North African countries

2021 ◽  
Author(s):  
Imen Mohamed Sghaier
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Trade Openness ◽  
North African ◽  
African Countries ◽  
North African Countries

scholarly journals Does Financial Development Affect the Economic Growth Gains from Trade Openness?

2020 ◽  
Vol 26 (4) ◽  
pp. 666-682
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Trade Openness ◽  
Generalized Method Of Moments ◽  
Dynamic Panel Data ◽  
North African ◽  
African Countries ◽  
Policy Makers ◽  
North African Countries ◽  
Sustainable Economic Growth

This article examines the relationship between trade openness, financial development and economic growth on a panel of four North African countries (Tunisia, Morocco, Algeria and Egypt), over a 5-year period from 1998 to 2017. Using dynamic panel data model estimated by means of the Generalized Method of Moments (GMM), we found that trade openness is positively related to economic growth. We also found that trade openness appears to be working as a complement to financial development and, moreover, that the effect of trade openness is more pronounced in the presence of the financial development variable. The findings suggest that trade openness and financial development are important elements in determining economic growth in these countries. Therefore, the policy-makers should continue to patronize the development of their financial sector and to allow more trade openness in order to achieve a high and sustainable economic growth.

scholarly journals What is the role of Financial Development and Energy Consumption on Economic Growth?

2014 ◽  
Vol 3 (1) ◽  
pp. 137-149
Author(s):  
Doaa Mohamed Salman ◽  
Eyad Atya
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
North African ◽  
African Countries ◽  
Policy Makers ◽  
Applied Model ◽  
North African Countries ◽  
Relationship Of

This paper aims to test the validity of the causality between financial development and economic growth on energy consumption in three of North African countries. The study employs error coreection model and Granger causaility test to analyza a dataset for three North African countries covering a period from 1980 to 2010. The applied model is based on demand function for energy to assess the existing of causal relationship of energy with financial development, and economic growth, in Algeria, Egypt, and Tunisia. Empirical results provide a positive significant relating financial development and energy consumption in Algeria, and Tunisia. On the other hand, Egypt’s results show a negative significant relationship relating energy consumption and financial development. The paper is valuable to policy makers in North African countries in their pursuit for achieving economic growth as it clarifies the urge for the financial development reforms to stimulate investment and growth.

scholarly journals What is the role of Financial Development and Energy Consumption on Economic Growth? New Evidence from North African Countries

2016 ◽  
Vol 3 (1) ◽  
pp. 137
Author(s):  
Doaa Mohamed Salman ◽  
Eyad M. Atya
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
North African ◽  
African Countries ◽  
Policy Makers ◽  
Applied Model ◽  
North African Countries ◽  
Relationship Of ◽  
New Evidence

<p>This paper aims to test the validity of the causality between financial development and economic growth on energy consumption in three of North African countries. The study employs error coreection model and Granger causaility test to analyza a dataset for three North African countries covering a period from 1980 to 2010. The applied model is based on demand function for energy to assess the existing of causal relationship of energy with financial development, and economic growth, in Algeria, Egypt, and Tunisia. Empirical results provide a positive significant relating financial development and energy consumption in Algeria, and Tunisia. On the other hand, Egypt’s results show a negative significant relationship relating energy consumption and financial development. The paper is valuable to policy makers in North African countries in their pursuit for achieving economic growth as it clarifies the urge for the financial development reforms to stimulate investment and growth.</p>

scholarly journals Energy consumption, economic growth and CO2 emissions in Middle East and North African countries

Energy Policy ◽  
2012 ◽  
Vol 45 ◽  
pp. 342-349 ◽  
Author(s):  
Mohamed El Hedi Arouri ◽  
Adel Ben Youssef ◽  
Hatem M'henni ◽  
Christophe Rault
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Middle East ◽  
Co2 Emissions ◽  
North African ◽  
African Countries ◽  
North African Countries

scholarly journals Does the Arab spring wave affect outward foreign direct investment (FDI)? Empirical evidence from the Mideast and North Africa

2019 ◽  
Vol 70 (3) ◽  
pp. 411-430
Author(s):  
Aymen Hraiba ◽  
Mehmed Ganić ◽  
Azra Branković
Keyword(s):  
United Arab Emirates ◽  
North Africa ◽  
Arab Spring ◽  
Trade Openness ◽  
North African ◽  
African Countries ◽  
The North ◽  
North African Countries ◽  
The Arab Spring ◽  
The Impact

The paper aims to empirically explore the impact of the Arabic Spring on the outflow of FDI in twelve selected countries in the North Africa region (Algeria, Tunisia, Morocco, Libya, Egypt and Mauritania) and the Mideast region (Bahrain, Kuwait, Oman, Lebanon, Jordan and the United Arab Emirates). The paper employs a panel data approach to exploit the time series nature of the relationship between FDI Outwards and its determinants (the market size, trade openness, government effectiveness, inflation and three dummy variables related to the Arab Spring) between 2000 and 2016. The findings revealed that the impact of the Arab Spring estimator is negatively correlated with FDI Outflows in the countries that witnessed the Arab Spring. It implies that conflicts and instability negatively affect FDI outflows. The findings of this study reveal that countries that have been affected by the Arab Spring directly (the North Africa region) experienced a greater decline of FDI outflows than countries that have been indirectly affected (the Mideast region). When the sample is restricted to North Africa it is shown that the FDI outflows may be influenced by the post Arab Spring effect, while there is no such statistically significant effect in the Mideast region. Thus, the study finds that FDI outflows in the North African countries are more determined by the effects of Arabic Spring countries than in the Mideastern countries.

scholarly journals Foreign Financial Flows, Human Capital and Economic Growth in North African Countries

2021 ◽  
Vol 27 (3) ◽  
pp. 355-371
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
North African ◽  
African Countries ◽  
Financial Flows ◽  
The North ◽  
Absorptive Capacities ◽  
North African Countries ◽  
The Relationship

The purpose of this study is to analyze the relationship between foreign financial flows (i.e., FDI inflows and remittances), human capital, and its effects on economic growth in 4 North African countries. Annual panel data from 2000 to 2018 are examined using the system GMM. First, we found strong evidence of a positive link between FDI and economic growth. Moreover, the results indicate that the complementarity between FDI and human capital positively influences economic growth. Second, the remittances are found to be positive factors for economic growth. In fact, higher human capital accumulation of receiving countries increases these positive impacts. Overall, the results indicate that foreign financial flows are positively correlated with human capital in influencing economic growth in the North African countries. Therefore, it becomes pertinent for policymakers to pursue a human capital policy to improve their absorptive capacities to exploit full benefits of foreign financial flows.

Sign in / Sign up

Export Citation Format

Share Document