scholarly journals Institutional Determinants of Financial Development in MENA countries

2016 ◽  
Vol 20 (3) ◽  
pp. 670-680 ◽  
Author(s):  
Mondher Cherif ◽  
Christian Dreger
Keyword(s):  
Financial Development ◽  
Mena Countries ◽  
Institutional Determinants

scholarly journals Financial development, environmental quality, trade and economic growth: What causes what in MENA countries

2015 ◽  
Vol 48 ◽  
pp. 242-252 ◽  
Author(s):  
Anis Omri ◽  
Saida Daly ◽  
Christophe Rault ◽  
Anissa Chaibi
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality ◽  
Mena Countries

Banking concentration and financial development in the MENA region

2020 ◽  
Vol 13 (4) ◽  
pp. 675-689
Author(s):  
Hassan Hamadi ◽  
Ali Awdeh
Keyword(s):  
Market Power ◽  
Financial Development ◽  
Ordinary Least Squares ◽  
Mena Region ◽  
Data Set ◽  
Content Type ◽  
Mena Countries ◽  
Banking Concentration ◽  
Rapid Pace ◽  
The Impact

Purpose Bank consolidations in many Middle East and North Africa (MENA) countries have been proceeding at a rapid pace, leading to a decline in the number of banks and an increase in market concentration. This may raise concerns regarding the impact of such increase in concentration on the behaviour of banks and consequently on the financial development. Therefore, this study aims to examine the impact of concentration on the financial development of MENA region. Design/methodology/approach The study adopts fully modified ordinary least squares model on a heterogeneous, non-stationary, cointegrated panel data set. The exploited panel is formed of 15 MENA countries and covers the period 1996–2014. Findings The empirical results show that concentration per se is not harmful for financial development. Nevertheless, concentration combined with bank market power may deteriorate the development of MENA financial systems. Originality/value In addition to considering an understudied region, the research presents very important findings, which suggest that if banks obtain market power, an increase in concentration following a wave of bank mergers, could weaken the financial development.

scholarly journals Remittances and Economic Growth in MENA Countries: The Role of Financial Development

2021 ◽  
Vol 27 (1) ◽  
pp. 43-59
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
System Development ◽  
Panel Data Analysis ◽  
Generalized Method Of Moments ◽  
Mena Region ◽  
Mena Countries ◽  
Conditional Effects ◽  
Remittance Flows

This paper investigates the conditional effects of remittances on economic growth in 7 MENA countries, namely, Tunisia, Morocco, Algeria, Egypt, Jordan, Lebanon, and Turkey from 2000 to 2018. Using the system generalized method of moments (GMM) in a panel data analysis, we found strong evidence of a positive relationship between remittances and economic growth. We also found that financial development acted as a complement in the remittances-growth relationship. A clearer understanding of the channels through which remittance flows will enhance economic growth in the MENA region may assist policymakers to formulate appropriate policies. In particular, a policy environment that promotes financial system development would serve to attract more remittances.

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