Bien que les études théoriques et empiriques convergent sur la dimension financière dans la croissance économique, elles n’apportent pas une réponse commune à la question de l’interaction entre la libéralisation financière et la croissance économique. D'une part, la libéralisation...

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Our thesis focuses on private capital inflows affect on economic growth in developing countries. For our analysis, we distinguish three types of private flows: foreign direct investment, bank loans and portfolio investment. From a theoretical view, the capital inflows affect positively economic...

Ce papier a trait à la question de la libéralisation financière des économies émergentes. Son objectif est de montrer qu'il est possible, pour durablement concilier finance et croissance économique, de maximiser les bénéfices de l'ouverture financière tout en minimisant efficacement les...

Cet article a pour ambition de revenir sur les récents développements du commerce des services financiers à travers le monde. Nous nous intéressons particulièrement aux enjeux de la libéralisation de ce commerce en matière de croissance économique et au rôle joué par l'Accord Général...

Using a unique district-level panel data set, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking system to instrument...

We investigate the key macroeconomic and institutional determinants of fundraising and investment activities and compare them across Europe, covering 13 Central and Eastern European (CEE) and 16 Western European (WE) countries. Five macroeconomic variables and nineteen institutional variables...

The study investigates the competitive conditions and profitability drivers of commercial banks in MENA region in the context of Panzar-Rosse model. It is the first study of its kind that examines a large sample of MENA banks (149 banks) for an extensive period (1999-2012) during an era of...

Using a unique district-level panel data set, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking system to instrument...

This paper empirically tests whether the host country financial reform promotes the inflow of FDI. We test the hypothesis on the panel data of China. First, Granger causality tests (Granger, 1969; Sims, 1972) show that financial deregulation causes FDI and the causality is unidirectional. Second,...