Financial Development and Income in North Africa.
International Advances in Economic Research 2008, Nov, 14, 4
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- 2,99 €
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- 2,99 €
Descripción editorial
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
GÉNERO
Negocios y finanzas personales
PUBLICADO
2008
1 de noviembre
IDIOMA
EN
Inglés
EXTENSIÓN
20
Páginas
EDITORIAL
Atlantic Economic Society
TAMAÑO
269,2
KB
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