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Financial development and human development: A non-linear analysis for Oil-exporting and Oil-importing countries in MENA region

Author

Listed:
  • Hakimi Abdelaziz

    (V.P.N.C Lab and Faculty of Law, Economics and Management of Jendouba, Tunisia)

  • Hamdi Helmi

    (Aix-Marseille University CERGAM EA 4225, France)

Abstract

The purpose of this study is to define the optimal threshold of financial development that might affects human development in a panel of 13 MENA countries that are divided into two sub-samples: oil-exporting and oil-importing countries. Results of the panel smooth transition regression (PSTR) model show that the threshold of financial development is 0.389 in oil-exporting 0.588 for oil-importing countries. Hence, below these thresholds, financial development acts negatively and significantly on human development and above them its effect become positive.

Suggested Citation

  • Hakimi Abdelaziz & Hamdi Helmi, 2019. "Financial development and human development: A non-linear analysis for Oil-exporting and Oil-importing countries in MENA region," Economics Bulletin, AccessEcon, vol. 39(4), pages 2484-2498.
    • Handle: RePEc:ebl:ecbull:eb-18-00976
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    References listed on IDEAS

    as
    1. Hakimi, Abdelaziz & Hamdi, Helmi, 2016. "Trade liberalization, FDI inflows, environmental quality and economic growth: A comparative analysis between Tunisia and Morocco," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 1445-1456.
    2. Madhu Sehrawat & A.K. Giri, 2014. "The relationship between financial development indicators and human development in India," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 41(12), pages 1194-1208, November.
    3. Romain Wacziarg & Karen Horn Welch, 2008. "Trade Liberalization and Growth: New Evidence," The World Bank Economic Review, World Bank, vol. 22(2), pages 187-231, June.
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    Cited by:

    1. Hayat Khan & Liu Weili & Itbar Khan, 2022. "Environmental innovation, trade openness and quality institutions: an integrated investigation about environmental sustainability," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(3), pages 3832-3862, March.
    2. Kais Tissaoui & Abdelaziz Hakimi & Taha Zaghdoudi, 2024. "Can financial inclusion enhance human development? Evidence from low- and middle-income countries," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.

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    More about this item

    Keywords

    Financial development; human development; MENA region; PSTR model;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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