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Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market development is cointegrated with economic growth in...
Persistent link: https://www.econbiz.de/10005561265
The relationship between financial sector and economic growth in transition countries has been largely ignored in the earlier empirical literature. In this paper, we analyse the finance-growth nexus using a fixed-effects panel model and unbalanced panel data from 25 transition countries during...
Persistent link: https://www.econbiz.de/10005561315
speculative attacks. Others on the contrary, assert the merits of the rigid fixed exchange regimes. The adoption by Tunisia of … world economy. So the total liberalization of the exchange in Tunisia poses the problematic of the prospective choice of its …
Persistent link: https://www.econbiz.de/10005125531
of a Euro-Mediterranean Free Trade Area (FTA). Among the first participants in the constitution of this zone, is Tunisia …, which signed an agreement of association with the European Union (EU). Since the signature of this agreement, Tunisia has … is to compare the effects of the free total exchange and the effects of the free industrial exchange between Tunisia and …
Persistent link: https://www.econbiz.de/10005134579
When market structure is complete, factor demands by households will be independent of their characteristics, and households will take their production decisions as if they were profit-maximizing firms. This observation constitutes the basis for one of the most popular empirical tests for...
Persistent link: https://www.econbiz.de/10005134999
-firm data in 1999. This tells us how returns to human capital in a Less Developed Country like Tunisia differ from the …
Persistent link: https://www.econbiz.de/10005408310
This paper shows the characteristics of the macroeconomic Social Accounting Matrix (SAM) of Tunisia in 1996. It is … corresponding to Tunisia during 1996. This study is made up of two sections. In the first section, we will present the construction … of the unbalanced Macroeconomic Social Accounting Matrix (SAMmac) of Tunisia in 1996. This section includes three sub …
Persistent link: https://www.econbiz.de/10005412993
Morocco and Tunisia have started to open their markets to international trade and capital flows in order to bolster … their exchange rate regimes and monetary policies. This objective of this paper is to examine why Morocco and Tunisia should … probabilities is estimated for Morocco and Tunisia to provide important information concerning the mechanisms underlying inflation …
Persistent link: https://www.econbiz.de/10005561228
One strand of the recent literature on the monetary transmission process has focued upon the weak empirical evidence of a liquidity effect in the U.S. This study uses structural VAR methods to reexamine the liquidity effect.
Persistent link: https://www.econbiz.de/10005076847
This paper examines data for stock prices and price levels of 14 developed countries during the post-WWII era and compares their behavior in that sample with behavior over the past two centuries in the UK and the US. Contrary to much of the literature of the past several decades, we find that...
Persistent link: https://www.econbiz.de/10005124935