تأثير أنظمة سعر الصرف على النمو الاقتصادي بدول شمال أفريقيا : دراسة قياسية باستعمال نماذج البانل للفترة من (1970 - 2017) = Impact of Exchange Rate Regimes on Economic Growth in North African Countries : A Standard Study Using the Panel Models for the Period (1970 - 2017)

2019 ◽  
pp. 83-102
Author(s):  
ناصري ، نفيسة ◽  
عزيز ، حماني
2014 ◽  
Vol 3 (1) ◽  
pp. 137-149
Author(s):  
Doaa Mohamed Salman ◽  
Eyad Atya

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.


Energy Policy ◽  
2012 ◽  
Vol 45 ◽  
pp. 342-349 ◽  
Author(s):  
Mohamed El Hedi Arouri ◽  
Adel Ben Youssef ◽  
Hatem M'henni ◽  
Christophe Rault

2021 ◽  
Vol 27 (3) ◽  
pp. 355-371

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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