EAS Publisher | The Effect of Financial Liberalization on Economic Growth in Selected Middle East, North Africa and Sub-Sahara Africa Countries 1986-2018

The Effect of Financial Liberalization on Economic Growth in Selected Middle East, North Africa and Sub-Sahara Africa Countries 1986-2018

DOI : https://doi.org/10.36349/easjebm.2020.v03i09.005

PDF

HTML

XML

1611 Downloads 2 Views

The study investigated the effect of financial liberalization on economic growth in selected Middle East/North Africa (MENA) countries and Sub-Sahara Africa countries using data obtained mainly from the World Bank data catalog. The panel unit root test developed by Im, Pesaran and Shin (IPS) was used to explore the stochastic properties of the data before estimating the models using Pooled Mean Group/Autoregressive Distributed Lag estimation procedure for dynamic panel analysis and found that financial liberalization has had positive and significant influence on economic growth in MENA countries while financial liberalization had a positive but not significant influence on economic growth in SSA countries. Thus, the study recommends the pursuit of rational financial liberalization policies in the MENA countries and SSA countries as well as encouraging policies of financial inclusion in both sub-regions so as to continually enjoy the beneficial effect of financial liberalization in their economies.

TOP EDITORS

Dr. T. Selvankumar
Chief Editor
EAS Journal of Biotechnology and Genetics

Dr. James Kay, PhD
Chief Editor
EAS Journal of Psychology and Behavioural Sciences

Dr. Rejeesh Menon
Chief Editor
EAS Journal of Medicine and Surgery

Dr. S. Jayachandran
Chief Editor
EAS Journal of Dentistry and Oral Medicine

Dr. Md. Habibur Rahman
Chief Editor
EAS Journal of Pharmacy and Pharmacology

Dr. Benard Chemwei, PhD
Chief Editor
East African Scholars Multidisciplinary Bulletin

NFI Joseph Lon
Chief Editor
EAS Journal of Humanities and Cultural Studies

Prof. Dr. Nazir Ahmad Suhail
Chief Editor
East African Scholar Journal of Engineering and Computer Sciences

Dr. Hamid Osman Hamid
Chief Editor
EAS Journals of Radiology and Imaging Technology

Dr. BOUCENNA Mounir
Chief Editor
EAS Journal of Veterinary Medical Science

OPEN ACCESS JOURNALS

Dr. Afroza Begum

Lecturer, Dept. of Pharmacology and Therapeutics, Shaheed Monsur Ali Medical College & Hospital, Uttara, Dhaka-1230, Bangladesh

BEST AUTHOR

Of The Month

TRACK YOUR ARTICLE

Enter the Manuscript Reference Number (MRN)

Get Details