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Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries

Year 2017, Volume: 7 Issue: 3, 196 - 209, 01.09.2017

Mohamed Aydi Abdelkader Aguir

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

Financial Development Economic Growth Southern Mediterranean Countries Vector Autoregression Approch

Year 2017, Volume: 7 Issue: 3, 196 - 209, 01.09.2017

Mohamed Aydi Abdelkader Aguir

Abstract

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Details

Other ID JA42CP32ZM
Journal Section Research Article
Authors

Mohamed Aydi This is me

Abdelkader Aguir This is me

Publication Date September 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 3

Cite

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.
AMA Aydi M, Aguir A. Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries. IJEFI. September 2017;7(3):196-209.
Chicago 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 7, no. 3 (September 2017): 196-209.
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 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, 2017.
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 2017), 196-209.
JAMA 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, 2017, pp. 196-09.
Vancouver Aydi M, Aguir A. Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries. IJEFI. 2017;7(3):196-209.