Black Market Exchange Rate , Trade Freedom a Nd the Links with Economic Growth : Empirical Evidence from the North African Countries

2015 ◽  
pp. 49-71
Author(s):  
Chaib Bounoua ◽  
Siham Matallah
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Empirical Evidence ◽  
Black Market ◽  
Market Exchange ◽  
North African ◽  
African Countries ◽  
The North ◽  
Market Exchange Rate ◽  
North African 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.

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