44 research outputs found
How Corruption affect Growth in MENA region? Fresh Evidence from a Panel Cointegration Analysis
This paper aims at analyzing the effects of corruption on investment and growth in 15 Middle
East and North African (MENA) countries during the period 1985-2013. We used the
International Country Risk Guide (ICRG) corruption index and we conducted a panel
cointegration analysis and Granger causality procedure to detect the dynamic relationships
between the variables. The main findings of this paper show that corruption is a serious hurdle
to economic growth in MENA countries since it affects investment activities and foreign
direct investment inflows. In this case, policymakers have to implement effective anticorruption
strategies to avoid the epidemic of corruption
Credit Information, Guarantees and Non-Performing Loans
The aim of this paper is to study the effect of the credit quality information and the guarantees strength on the level of nonperforming loans in some MENA countries. To this end we apply a dynamic panel modelling and we use annual data which covers the period 2004-2011. The empirical results show that the information credit collected by the private or the public agencies affects negatively the level of nonperforming loans. The same result was found between the level of guarantees and the level of NPLs
The duration of bank relationships and the performance of Tunisian firms
In this article, we investigate the link between the duration of bank relationships and its consequences on the performance of Tunisian firms. Performance is measured by the return on equity (ROE) and the return on Assets (ROA). We collected data of 100 Tunisian companies for the period of 2000-2007. Applying panel data estimation, our results opine that the cost of credit decreases the performance of Tunisian firms while the duration of bank relationships improves their performance and increase their profitability
Trade liberalization, FDI inflows, Environmental quality and Economic growth: A comparative analysis between Tunisia and Morocco
The aim of this research is to investigate the economic impacts of the trade
liberalization on the environmental quality in Tunisia and Morocco. Specifically, the
paper inspects whether liberalization of the trade sector has harmed the quality of the
environment in both countries. To this end, we conduct various econometric models: a
VECM and cointegration techniques for single country case study and a Panel VECM
and Panel cointegration when using data of both country as a group. We also include a
dummy variable in each model to see the real impact of trade liberalization for both
countries. In the empirical section, we found bidirectional causality between FDI and
CO2. This implies that the nature of FDI inflows to Morocco and Tunisia are not clean
FDI. These results show that trade liberalization has a negative impact on
environmental. The paper concludes that although trade liberalization boosted the
economies of both countries by creating new employment opportunities, liberalization
has harmed the environment
Trade liberalization, FDI inflows, Environmental quality and Economic growth: A comparative analysis between Tunisia and Morocco
The aim of this research is to investigate the economic impacts of the trade
liberalization on the environmental quality in Tunisia and Morocco. Specifically, the
paper inspects whether liberalization of the trade sector has harmed the quality of the
environment in both countries. To this end, we conduct various econometric models: a
VECM and cointegration techniques for single country case study and a Panel VECM
and Panel cointegration when using data of both country as a group. We also include a
dummy variable in each model to see the real impact of trade liberalization for both
countries. In the empirical section, we found bidirectional causality between FDI and
CO2. This implies that the nature of FDI inflows to Morocco and Tunisia are not clean
FDI. These results show that trade liberalization has a negative impact on
environmental. The paper concludes that although trade liberalization boosted the
economies of both countries by creating new employment opportunities, liberalization
has harmed the environment
Corruption, FDI and Growth: All the truths of a corrupted regime before and after the social upsurge in Tunisia
The aim of this paper is to investigate the dynamic relationship between corruption, investment
and economic growth in Tunisia within a multivariate framework. In the empirical section we
use data span from 1976 to 2013 and we perform a vector error correction model and
cointegartion technique to detect causality between corruption, investment, economic growth,
credit to the private sector and foreign direct investment. The main findings of this paper show
that corruption hampered Tunisia economic growth in the short-run and the long run as well.
Corruption could be the main reason of the slowdown of investment activities and the low inflow
of capital. Another important conclusion was revealed in this paper is that corruption get
worsened in the period that follows the social upsurge of December 2010. Therefore, the main
goals of the so called “revolution” are from being achieved yet. Hence, more works are needed to
fight corruption in Tunisia
Did banks and financial markets developments lead to economic growth in MENA region? Evidence from Dynamic panel data estimation
This study examines the consequences of banks and stock markets developments on economic growth for eleven Middle Eastern and North African (MENA) countries for the period from 1995 to 2010. We perform dynamic panel data estimation and we use GMM estimator as suggested by Arellano and Bond (1991). The overall results suggest a positive relationship between banking and financial developments and economic growth. The results reveal that stock markets in MENA countries are still at an early stage of development and the sector needs the implementation of deep policy reforms to attract investors and to promote the contribution of the financial market in economic development
Credit Information, Guarantees and Non-Performing Loans
The aim of this paper is to study the effect of the credit quality information and the guarantees strength on the level of nonperforming loans in some MENA countries. To this end we apply a dynamic panel modelling and we use annual data which covers the period 2004-2011. The empirical results show that the information credit collected by the private or the public agencies affects negatively the level of nonperforming loans. The same result was found between the level of guarantees and the level of NPLs
How Corruption affect Growth in MENA region? Fresh Evidence from a Panel Cointegration Analysis
This paper aims at analyzing the effects of corruption on investment and growth in 15 Middle
East and North African (MENA) countries during the period 1985-2013. We used the
International Country Risk Guide (ICRG) corruption index and we conducted a panel
cointegration analysis and Granger causality procedure to detect the dynamic relationships
between the variables. The main findings of this paper show that corruption is a serious hurdle
to economic growth in MENA countries since it affects investment activities and foreign
direct investment inflows. In this case, policymakers have to implement effective anticorruption
strategies to avoid the epidemic of corruption
The duration of bank relationships and the performance of Tunisian firms
In this article, we investigate the link between the duration of bank relationships and its consequences on the performance of Tunisian firms. Performance is measured by the return on equity (ROE) and the return on Assets (ROA). We collected data of 100 Tunisian companies for the period of 2000-2007. Applying panel data estimation, our results opine that the cost of credit decreases the performance of Tunisian firms while the duration of bank relationships improves their performance and increase their profitability