Natural Resources and Economic Growth: The Role of Financial Development Evidence from MENA Region

2021 ◽  
Author(s):  
Daouia Chebab ◽  
Aishatu Ibrahim ◽  
Mustafa Raza Rabbani
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Financial Development ◽  
Mena Region

scholarly journals Institutions and development in MENA region: evidence from the manufacturing sector

2015 ◽  
Vol 42 (8) ◽  
pp. 717-732 ◽  
Author(s):  
Mahmoud Arayssi ◽  
Ali Fakih
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Political Institutions ◽  
Civil Law ◽  
Institutional Setting ◽  
Mena Region ◽  
Content Type ◽  
Determinants Of Economic Growth ◽  
The Relationship

Purpose – The purpose of this paper is to study the role of institutions (including civil law origin), financial deepening and degree of regime authority on growth rates in the Middle East and North Africa region. Design/methodology/approach – This paper examines the implications of industrial firm-related and national factors for the determinants of economic growth using panel data through a fixed effect model. Findings – The results reveal that English civil law origin and the establishment of the rule of law work with the development of financial institutions to increase economic growth in these economies; however, the democratization of the political institutions and foreign direct investment do not assist financial development in promoting economic growth. Research limitations/implications – Data covered is limited to four years. Social implications – The findings emphasize the prominence of overcoming institutional weaknesses and establishing transparent public policy governing businesses as a pre-requisite for successful universal integration in developing countries. Originality/value – This paper contributes to the literature on the relationship between finance and economic growth in two aspects. First, the authors focus on the contribution of the institutional setting and its interaction with the financial development and how this affects economic growth of the manufacturing firms. Second, the authors explore the relationship between the role of institutions, governance, the country civil law origin and the economic growth.

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.

scholarly journals Financial development and economic growth nexus in SSA economies: The moderating role of telecommunication development

2021 ◽  
Vol 9 (1) ◽  
pp. 1862395
Author(s):  
Mac Junior Abeka ◽  
Eric Andoh ◽  
John Gartchie Gatsi ◽  
Seyram Kawor
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Moderating Role

scholarly journals The Impact of Financial Development On The Clean Energy Transition In MENA Region: The Role of Institutional And Political Factors.

2021 ◽  
Author(s):  
Haifa Saadaoui
Keyword(s):  
Renewable Energy ◽  
Financial Development ◽  
Energy Transition ◽  
Transition Process ◽  
Clean Energy ◽  
Mena Region ◽  
Political Factors ◽  
Long Run ◽  
The Impact

Abstract This study focuses on the role of institutional factors as well as financial development in renewable energy transition in Middle East and North Africa (MENA) region over the period 1990-2018 using the ARDL PMG method. The investigation of long-run and short-run analysis confirms that institutional and political factors play a key role in promoting the transition to renewable energy, and shows that improving these factors can lead to decarbonization of the energy sector in the long run. Another important finding is that global financial development does not have a significant effect on the transition process in the long run, implying that the whole financial system needs a fundamental structural change to accelerate the substitution between polluting and clean energies. However, in the short term, the impact appears to be negative and significant, highlighting the inadequacy of financial institutions and financial markets in promoting the region’s sustainable path. Moreover, income drives the transition to renewable energy in both short and long term. The causality results show that both financial development and institutional quality lead to renewable energy transition, while there is a bidirectional link between income and renewable energy.This study can provide a very useful recommendation to promote a clean transition in the MENA region.

Financial Development and Economic Growth

2015 ◽  
pp. 233-245
Author(s):  
Filiz Eryılmaz ◽  
Hasan Bakır ◽  
Mehmet Mercan
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
New Zealand ◽  
Financial Development ◽  
Positive Relationship ◽  
Panel Data Analysis ◽  
Annual Data ◽  
The Subject ◽  
The Relationship

The relationship between financial development and economic growth has been the subject of considerable debate in development and growth literature. Therefore this chapter provides evidence on the role of financial development in accounting for economic growth in 23 OECD countries (Italy, Japan, Luxemburg, Holland, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, England, USA, Australia, Austria, Belgium, Canada, Denmark, Finland, Turkey, France, Germany, Greece, Iceland) via panel data analysis using the annual data for the period 1980-2012. The authors find a positive relationship between financial development and economic growth for all countries. Also this result means that financial development leads economic growth in these countries. So the results may help policymakers formulate effective financial sector policies as a tool to promote economic growth.

scholarly journals Economic growth and its key factors: an alternative view on the factors stimulating agriculture growth

2020 ◽  
Vol 175 ◽  
pp. 13028
Author(s):  
Prateep Wajeetongratana
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Natural Resources ◽  
International Migration ◽  
Research Study ◽  
Alternative View ◽  
Key Factors ◽  
Domestic Markets ◽  
The Core

This research study makes an attempt to study the impacts of natural resources as well as financial and labor factors on economic development of contemporary states. Also, it investigates the correlation between all these factors mentioned above, in the context of countries’ economic growth. The obtained here results have helped us determine the core reasons behind international migration as a global phenomenon applicable to all countries without exceptions. Indirectly, we also demonstrate the transforming role of the labour factor as applied to economic development of countries and regions. Finally, positive impacts of a set of manufacturing factors on both international and domestic markets are demonstrated.

The dynamic relationship between economic growth and life expectancy: Contradictory role of energy consumption and financial development in Pakistan

2020 ◽  
Vol 53 ◽  
pp. 257-266 ◽  
Author(s):  
Zhaohua Wang ◽  
Muhammad Mansoor Asghar ◽  
Syed Anees Haider Zaidi ◽  
Kishwar Nawaz ◽  
Bo Wang ◽  
...  
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Life Expectancy ◽  
Financial Development ◽  
Dynamic Relationship
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