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Développement financier et croissance économique : Rôle de la qualité des institutions

Author

Listed:
  • Abdelkarim Yahyaoui
  • Atef Rahmani

Abstract

The objective of our work is to show the importance of a healthy institutional framework in the finance-growth relation. In this context, we start by presenting, a theoretical lighting on this subject while trying to define the concept of the governorship and to determine its various measurements. Then, we empirically test a model of growth of Solow increased by the human capital, treating relation between financial development, institutions and economic growth. The various estimates were made by Panel data Methods over the period of 1990 to 2006 for 22 developing countries. Following these estimates, it seems that the quality of the institutions is regarded as an important factor which must not be neglected in the study of the relation between the financial sphere and the real sphere. Key words: Financial development, Quality of the institutions, Economic growth, Panel data.JEL: O16, O43, O47, C23.

Suggested Citation

  • Abdelkarim Yahyaoui & Atef Rahmani, 2009. "Développement financier et croissance économique : Rôle de la qualité des institutions," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(3), pages 327-357.
    • Handle: RePEc:voj:journl:v:56:y:2009:i:3:p:327-357:id:223
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    More about this item

    Keywords

    Financial development; Quality of the institutions; Economic growth; Panel data;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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