Background: The objective of this paper is threefold. First, we test the most important factors that determine the level of non-interest income for Tunisian banks. Second, we study the impact of non-interest income on banks’ profitability measured by both return on assets (ROA) and return on...

The present study examines the relationship between electricity consumption and economic growth using the data of the Kingdom of Bahrain. The study covers the period of 1980-2008. The Johansen-Fisher cointegration approach is applied and results indicate the presence of cointegration between...

The aim of this paper is to examine whether financial liberalization has triggered banking crises in some developing countries. We focus in particular on the role of capital flows as their volatilities threat economic stability and growth. In the empirical model, based on panel logit estimation,...

The aim of this paper is to empirically examine the relationship between saving and investment for 6 Middle East and North African Countries for the period 1980-2008. To this end, we use panel cointegration analysis and Error Correction Model. The long run estimation reveals causality between...

The aim of this study is to investigate the performance of the Tunisian banking sector following the liberalization of its financial sector. To this end, we collected annual frequency data from nine banks for the period 1980-2009. By using Seemingly Unrelated Regression (SUR), our estimations...

The goal of this study is to investigate the causal relationship between financial development and economic growth in Gulf Cooperation Council (GCC) countries, i.e. Bahrain, Oman, Kuwait, Qatar, United Arab Emirates and Saudi Arabia, over the period 1980-2012. We employ panel unit root tests,...

The broad aim of this paper is to estimate the money demand function for the case of six Gulf Cooperation Council countries. By applying panel cointegration tests, the empirical results reveal strong evidence of cointegration between the variables of the model for individual countries as well as...