EN
Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries
Abstract
The objective of this article consists in examining the interactions between the financial development, financial instability and economic growth in the Maghreb countries. The analysis covering the period of 1995-2013 relates to a sample of five countries of the region. By using the World Bank data (2013) and the Heritage Foundation data (2013), the panel VAR model estimation revealed that (a) the financial development has positive effects on itself but a negative impact on the financial instability as well as a combined impact on the economic growth. (b) The financial instability has a negative impact on the financial development, a positive impact on itself and a combined effect on the economic growth. (c) The economic growth promotes the financial development and the financial instability; it has also a positive effect on itself. (d) Finally, the financial liberalization in a less corrupt environment promotes the financial development.
Keywords
Details
Primary Language
English
Subjects
-
Journal Section
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Publication Date
December 1, 2015
Submission Date
December 1, 2015
Acceptance Date
-
Published in Issue
Year 2015 Volume: 5 Number: 4
APA
Khattab, A., Juliot, M. B. M., & Abid, İ. (2015). Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries. International Journal of Economics and Financial Issues, 5(4), 1043-1054. https://izlik.org/JA82DZ66PT
AMA
1.Khattab A, Juliot MBM, Abid İ. Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries. IJEFI. 2015;5(4):1043-1054. https://izlik.org/JA82DZ66PT
Chicago
Khattab, Ahmed, Mpabe Bodjongo Mathieu Juliot, and İhadiyan Abid. 2015. “Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries”. International Journal of Economics and Financial Issues 5 (4): 1043-54. https://izlik.org/JA82DZ66PT.
EndNote
Khattab A, Juliot MBM, Abid İ (December 1, 2015) Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries. International Journal of Economics and Financial Issues 5 4 1043–1054.
IEEE
[1]A. Khattab, M. B. M. Juliot, and İ. Abid, “Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries”, IJEFI, vol. 5, no. 4, pp. 1043–1054, Dec. 2015, [Online]. Available: https://izlik.org/JA82DZ66PT
ISNAD
Khattab, Ahmed - Juliot, Mpabe Bodjongo Mathieu - Abid, İhadiyan. “Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries”. International Journal of Economics and Financial Issues 5/4 (December 1, 2015): 1043-1054. https://izlik.org/JA82DZ66PT.
JAMA
1.Khattab A, Juliot MBM, Abid İ. Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries. IJEFI. 2015;5:1043–1054.
MLA
Khattab, Ahmed, et al. “Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries”. International Journal of Economics and Financial Issues, vol. 5, no. 4, Dec. 2015, pp. 1043-54, https://izlik.org/JA82DZ66PT.
Vancouver
1.Ahmed Khattab, Mpabe Bodjongo Mathieu Juliot, İhadiyan Abid. Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries. IJEFI [Internet]. 2015 Dec. 1;5(4):1043-54. Available from: https://izlik.org/JA82DZ66PT