Government and Financial Institutional Determinants of Development in MENA Countries
This article aims to examine the causal impact of the Arab Spring (AS) and government institutions on the finance–growth nexus. The empirical analysis is implemented for extensive firm-level panel data combined with national data covering macroeconomic and institutional factors for the period 2005–2...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , |
| التنسيق: | article |
| منشور في: |
2019
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/10807 https://doi.org/10.1080/1540496X.2018.1507907 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.tandfonline.com/doi/full/10.1080/1540496X.2018.1507907 |
| الوسوم: |
إضافة وسم
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| _version_ | 1864513467487092736 |
|---|---|
| author | Arayssi, Mahmoud |
| author2 | Fakih, Ali Kassem, Mohamad |
| author2_role | author author |
| author_facet | Arayssi, Mahmoud Fakih, Ali Kassem, Mohamad |
| author_role | author |
| dc.creator.none.fl_str_mv | Arayssi, Mahmoud Fakih, Ali Kassem, Mohamad |
| dc.date.none.fl_str_mv | 2019-06-13T11:30:46Z 2019-06-13T11:30:46Z 2019 2019-06-13 |
| dc.identifier.none.fl_str_mv | 1540-496X http://hdl.handle.net/10725/10807 https://doi.org/10.1080/1540496X.2018.1507907 Arayssi, M., Fakih, A., & Kassem, M. (2019). Government and Financial Institutional Determinants of Development in MENA Countries. Emerging Markets Finance and Trade, 55(11), 2473-2496. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.tandfonline.com/doi/full/10.1080/1540496X.2018.1507907 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Emerging Markets Finance and Trade |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Government and Financial Institutional Determinants of Development in MENA Countries |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | This article aims to examine the causal impact of the Arab Spring (AS) and government institutions on the finance–growth nexus. The empirical analysis is implemented for extensive firm-level panel data combined with national data covering macroeconomic and institutional factors for the period 2005–2014, starting 6 years before and continuing after the AS. Using Difference-in-Difference method, we analyze the effect of the AS. Evidence points to financial development as a strong positive contributor to growth. The analysis also indicates that the AS dampens growth. These results seem to suggest that political instability adversely affects growth; nevertheless, a well-functioning financial system is a necessary but not a sufficient condition to enhance growth. Therefore, policies aiming at improving the efficiency and the operation of institutions such as a country’s legal system, citizen’s participation in selecting government, freedom of expression, and the stage of financial development should persist over an extended period of time, in order to bear fruition and achieve a significant success in boosting economic growth and reducing poverty. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_f1470708538fd76ecf46ab87297d344a |
| identifier_str_mv | 1540-496X Arayssi, M., Fakih, A., & Kassem, M. (2019). Government and Financial Institutional Determinants of Development in MENA Countries. Emerging Markets Finance and Trade, 55(11), 2473-2496. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/10807 |
| publishDate | 2019 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Government and Financial Institutional Determinants of Development in MENA CountriesArayssi, MahmoudFakih, AliKassem, MohamadThis article aims to examine the causal impact of the Arab Spring (AS) and government institutions on the finance–growth nexus. The empirical analysis is implemented for extensive firm-level panel data combined with national data covering macroeconomic and institutional factors for the period 2005–2014, starting 6 years before and continuing after the AS. Using Difference-in-Difference method, we analyze the effect of the AS. Evidence points to financial development as a strong positive contributor to growth. The analysis also indicates that the AS dampens growth. These results seem to suggest that political instability adversely affects growth; nevertheless, a well-functioning financial system is a necessary but not a sufficient condition to enhance growth. Therefore, policies aiming at improving the efficiency and the operation of institutions such as a country’s legal system, citizen’s participation in selecting government, freedom of expression, and the stage of financial development should persist over an extended period of time, in order to bear fruition and achieve a significant success in boosting economic growth and reducing poverty.PublishedN/A2019-06-13T11:30:46Z2019-06-13T11:30:46Z20192019-06-13Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1540-496Xhttp://hdl.handle.net/10725/10807https://doi.org/10.1080/1540496X.2018.1507907Arayssi, M., Fakih, A., & Kassem, M. (2019). Government and Financial Institutional Determinants of Development in MENA Countries. Emerging Markets Finance and Trade, 55(11), 2473-2496.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.tandfonline.com/doi/full/10.1080/1540496X.2018.1507907enEmerging Markets Finance and Tradeinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/108072021-03-19T09:10:17Z |
| spellingShingle | Government and Financial Institutional Determinants of Development in MENA Countries Arayssi, Mahmoud |
| status_str | publishedVersion |
| title | Government and Financial Institutional Determinants of Development in MENA Countries |
| title_full | Government and Financial Institutional Determinants of Development in MENA Countries |
| title_fullStr | Government and Financial Institutional Determinants of Development in MENA Countries |
| title_full_unstemmed | Government and Financial Institutional Determinants of Development in MENA Countries |
| title_short | Government and Financial Institutional Determinants of Development in MENA Countries |
| title_sort | Government and Financial Institutional Determinants of Development in MENA Countries |
| url | http://hdl.handle.net/10725/10807 https://doi.org/10.1080/1540496X.2018.1507907 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.tandfonline.com/doi/full/10.1080/1540496X.2018.1507907 |