EN
Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries
Abstract
This paper analyzes empirically the links between financial development and the economic growth of the (SMC). The study is based on a VAR approach: The Johansen Tests for Cointegration and VECM models. The debate on the relation between the financial sphere and the real economic sphere was very ambiguous Some studies have shown a positive association between these two spheres while others presented the opposing view perfectly. On the basis of the data relative to the PSM, observed during period 1981-2014, we tried to show there is or not a positive relationship between the financial development and the economic growth. This relationship and increasingly intense for the role of the banking development and and refers to an innovation effort and modernization of the financial system.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
September 1, 2017
Submission Date
September 1, 2017
Acceptance Date
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Published in Issue
Year 2017 Volume: 7 Number: 3
APA
Aydi, M., & Aguir, A. (2017). Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries. International Journal of Economics and Financial Issues, 7(3), 196-209. https://izlik.org/JA82NK42RP
AMA
1.Aydi M, Aguir A. Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries. IJEFI. 2017;7(3):196-209. https://izlik.org/JA82NK42RP
Chicago
Aydi, Mohamed, and Abdelkader Aguir. 2017. “Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries”. International Journal of Economics and Financial Issues 7 (3): 196-209. https://izlik.org/JA82NK42RP.
EndNote
Aydi M, Aguir A (September 1, 2017) Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries. International Journal of Economics and Financial Issues 7 3 196–209.
IEEE
[1]M. Aydi and A. Aguir, “Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries”, IJEFI, vol. 7, no. 3, pp. 196–209, Sept. 2017, [Online]. Available: https://izlik.org/JA82NK42RP
ISNAD
Aydi, Mohamed - Aguir, Abdelkader. “Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 196-209. https://izlik.org/JA82NK42RP.
JAMA
1.Aydi M, Aguir A. Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries. IJEFI. 2017;7:196–209.
MLA
Aydi, Mohamed, and Abdelkader Aguir. “Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 196-09, https://izlik.org/JA82NK42RP.
Vancouver
1.Mohamed Aydi, Abdelkader Aguir. Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries. IJEFI [Internet]. 2017 Sep. 1;7(3):196-209. Available from: https://izlik.org/JA82NK42RP