Financial Development and Income in North Africa. Financial Development and Income in North Africa.

Financial Development and Income in North Africa‪.‬

International Advances in Economic Research 2008, Nov, 14, 4

International Advances in Economic Research
    • 2,99 €
    • 2,99 €

Publisher Description

Abstract We explore the short-run dynamics and long-run relationship between income and financial development in Algeria, Egypt, and Morocco. We use co-integration and VECM models and four indicators of financial development. The empirical results indicate that there is a long-run relationship between income and each financial development indicator, except credit to the private sector in Algeria. On the other hand, Granger-causality test results indicate that the evidence on the direction of causality is mixed. Keywords North Africa * Financial development * Economic growth * VECM * Arab countries

GENRE
Business & Personal Finance
RELEASED
2008
1 November
LANGUAGE
EN
English
LENGTH
20
Pages
PUBLISHER
Atlantic Economic Society
SIZE
269.2
KB

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