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Islamic financial development between polic stability and economic growth in the MENA region: Estimate a model of Simultaneous equations
[Développement financier islamique entre stabilité politique et la croissance économique dans la région MENA: Estimation d'un modèle à équations simultanées]

Author

Listed:
  • Abderraouf Ben Ahmed Mtiraoui

    (Université de Sousse, Lamided, ISG, Université de Sousse - LAMIDED)

  • Mongi Lassoued

    (Université de Sousse)

  • Amine Mtiraoui

    (Institut des Hautes Etudes Commerciales (Université de Sousse))

Abstract

The purpose of this paper is to study the relationship between the development of Islamic finance and economic growth on the one hand while developing an innovative literature review highlighting the role of the development of Islamic finance and also the the nature of the joint between political stability as an indicator of quality of governance and economic growth. And on the other hand, we empirically try to discover the direct and indirect effects of the development of Islamic finance and political stability on economic growth and hence the relationship between Islamic financial developments measured by private sector bank loans divided by GDP and political stability on economic growth. Our empirical validation is based on an estimation method, namely the model with simultaneous equations in some MENA countries during the period (1990-2018).

Suggested Citation

  • Abderraouf Ben Ahmed Mtiraoui & Mongi Lassoued & Amine Mtiraoui, 2019. "Islamic financial development between polic stability and economic growth in the MENA region: Estimate a model of Simultaneous equations [Développement financier islamique entre stabilité politique," Working Papers hal-02521371, HAL.
    • Handle: RePEc:hal:wpaper:hal-02521371
    Note: View the original document on HAL open archive server: https://hal.science/hal-02521371
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    References listed on IDEAS

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    1. Christina D. Romer & David Romer, 1999. "Monetary policy and the well-being of the poor," Economic Review, Federal Reserve Bank of Kansas City, vol. 84(Q I), pages 21-49.
    2. Alfaro, Laura & Chanda, Areendam & Kalemli-Ozcan, Sebnem & Sayek, Selin, 2004. "FDI and economic growth: the role of local financial markets," Journal of International Economics, Elsevier, vol. 64(1), pages 89-112, October.
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    Cited by:

    1. Abderraouf Ben Ahmed Mtiraoui & Abdelmonem Snoussi, 2024. "Analysing The Nexus Between Economic Growth, Institutional Dynamics And Environmental Sustainability In The Mena Region Post-Covid-19 [ANALYSER l'INTERELATION ENTRE LA CROISSANCE ÉCONOMIQUE, LA DYN," Post-Print hal-04518757, HAL.

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    More about this item

    Keywords

    Islamic financial development; Politic Stability; Models with simultaneous equation; Economic growth; Stabilité politique; Développement financier islamique; Croissance économique; Modèle à équations simultanées;
    All these keywords.

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