The Impact Of Financial Sector Development On Economic Growth In The Middle East And North Africa

2019 ◽  
pp. 81
Author(s):  
محمد سعيد محمود بللور ◽  
عامر عبدالفتاح زكريا باكير
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
North Africa ◽  
Financial Sector ◽  
Financial Sector Development ◽  
The Impact

scholarly journals Environmental Performance and Economic Growth in Middle East and North Africa Countries

2019 ◽  
Vol 9 (24) ◽  
Author(s):  
Hichem Dkhili
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
North Africa ◽  
Environmental Performance ◽  
Middle Eastern ◽  
Smooth Transition ◽  
African Countries ◽  
Mena Region ◽  
Mena Countries ◽  
The Impact

Background. Studies on environmental performance/quality and economic growth show inconclusive results. Objective. The aim of the present study is to assess the non-linear relationship between environmental performance and economic growth in the Middle East and North Africa (MENA) region from 2002–2018. Methods. A sample of fourteen (14) MENA countries was used in the present analysis. However, due to important differences between countries in this region, the whole sample was divided into two sub-samples; nine Middle Eastern countries (MEAS) and five North African countries (NAF). We performed the panel smooth transition regression model as an econometric approach. Discussion. Empirical results indicate a threshold effect in the environmental performance and economic growth relationship. The threshold value differs from one group of countries to another. More specifically, we found that the impact of environmental performance and economic growth is positive and significant only if a certain threshold level has been attained. Until then, the effect remains negative. Conclusions. The findings of the present study are of great importance for policymakers since they determine the optimal level of environmental performance required to act positively on the level of economic growth. MENA countries should seek to improve their environmental performance index in order to grow output. Competing Interests. The authors declare no competing financial interests.

scholarly journals The Impact of Financial Sector Development and Sophistication on Sustainable Economic Growth

2019 ◽  
Vol 11 (6) ◽  
pp. 1713 ◽  
Author(s):  
Cristian Paun ◽  
Radu Musetescu ◽  
Vladimir Topan ◽  
Dan Danuletiu
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Capital Accumulation ◽  
Value Added ◽  
Financial Sector ◽  
Sustainable Growth ◽  
Financial Sector Development ◽  
And Performance ◽  
Classical Economic ◽  
The Impact

The drivers of economic growth and development are among the most important issues explored by economic theory. Sustainability of economic development was previously linked by various economic schools of thought to natural resources (agriculture, land, minerals, metals etc.), labor force (including skills, productivity, and education), entrepreneurship or technology and innovation. Capital was later introduced by classical economic theory as the key element. Without significant capital accumulation, all other production factors remain idle. The value added of the production process is a result of the existence, the accessibility and the cost of capital. Therefore, the development and the sophistication of the financial sector has gradually become very important for any nation interested in sustainable growth. This paper investigates the impact of financial sector development, sophistication and performance on economic growth based on a panel regression methodology. We found statistically significant results that confirm the importance of this connection and that are very consistent with economic theory and previous relevant articles and studies.

The Role of Financial Sector Development in the Tourism- Growth Nexus: A Case of Southern African Countries

2018 ◽  
Vol 10 (3(J)) ◽  
pp. 100-110
Author(s):  
Kunofiwa Tsaurai
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Random Effects ◽  
Financial Management ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Financial Sector ◽  
Empirical Literature ◽  
Financial Sector Development ◽  
The Impact

The study explored the impact of financial development on the tourism -growth nexus in Southern African (SADC) countries using the three panel data analysis approaches (pooled OLS, fixed and random effects). Specifically, the study investigated whether financial development is a channel through tourism influences economic growth in SADC countries or if the complementarity between financial development and tourism has a significant positive impact on economic growth in the SADC region? Theoretical and empirical literature review shows that the positive separate impact of tourism and financial development on economic growth is no longer a disputed matter. What has so far not been conclusively studied is whether financial management is a channel through which tourism influences economic growth. It is against this backdrop that the author undertook the current study in order to make a contribution to literature. The study found out that tourism had a significant negative influence on economic growth whereas financial development positively and significantly affected economic growth in the SADC region. The complementarity between tourism and financial development had a positive (fixed effects) and significant positive influence (pooled OLS and random effects) on economic growth in SADC countries, in line with theoretical predictions. SADC countries are therefore urged to improve their financial sector development levels in order to enhance the impact of tourism on economic growth. 

scholarly journals The Impact of Human Capital on Economic Growth: A case study of (Middle East and North Africa - excluding High income countries)

2020 ◽  
Vol 9 (3) ◽  
pp. 160
Author(s):  
Khalil Gh. Hassan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Middle East ◽  
North Africa ◽  
Basic Skills ◽  
Output Growth ◽  
High Income ◽  
Investment Spending ◽  
Quality Learning ◽  
The Impact

The study aims at estimating and analyzing the impact of human capital investments in economic growth in (Middle east and north Africa (excluding High income countries) for the period (1990-2018) to test the hypothesis that investment spending on the development of the human resource has a positive effect on economic growth. A long run cointegration relationship between the variables has been found, the results indicate that all of the explanatory variables are statistically significant at the 5% level or less, but while the impact of (EMP, SES, SET, GCFG) is positive, it was found that (SEP) has a negative effect in economic growth.so providing schools that fail to teach basic skills does no promote output growth. So, providing schools that fail to teach basic skills does no promote output growth. Therefore, slowing the pace of the provision of schools to a rate that also permits the development of quality learning appears to be a best choice for a good solution. So, providing schools that fail to teach basic skills does no promote output growth. Therefore, slowing the pace of the provision of schools to a rate that also permits the development of quality learning appears to be a best choice for a good solution.

Financial Sector Development in the Middle East and North Africa

2004 ◽  
Author(s):  
Susan Creane ◽  
Ahmed Mushfiq Mobarak ◽  
Rishi Goyal ◽  
Randa Sab
Keyword(s):  
Middle East ◽  
North Africa ◽  
Financial Sector ◽  
Financial Sector Development

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

Sign in / Sign up

Export Citation Format

Share Document