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Financial Liberalization and Economic Growth in the North Africa Region: Cointegration Panel Analysis by DOLS and FMOLS Models

Turkish Economic Review

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Title Financial Liberalization and Economic Growth in the North Africa Region: Cointegration Panel Analysis by DOLS and FMOLS Models
 
Creator KHATTAB, Ahmed; Abdelmalek Essaadi university
IHADIYAN, Abid; Abdelmalek essaadi university
 
Subject

 
Description Abstract. This article aims at examining the impact of financial liberalization on the economic growth in the North African countries. The econometric study, which covers the period between 1995 and 2013, relies on a sample composed of four Northern African countries and referring to the database of the World Bank data (2013), Heritage Foundation (2013) and Financial Openness of (the Institute for international and development Economics, 2009). The estimate model of cointegration panel reveals that there is a long-term relationship between the variables. Moreover, the estimation of DOLS and FMOLS models shows that the latter is more adequate to explain the financial liberalization’s impact on the economic growth of the North African countries.Keywords. Financial liberalization, Economic growth, Panel cointegration, DOLS, FMOLS.JEL. F43, O16, O47.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor
 
Date 2015-12-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/512
10.1453/ter.v2i4.512
 
Source Turkish Economic Review; Vol 2, No 4 (2015): December; 287-304
Turkish Economic Review; Vol 2, No 4 (2015): December; 287-304
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/512/666
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/512/182
 
Rights Copyright (c) 2015 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0