Private Capital Flows, Financial Development and Economic Growth in the North African Region

Authors

  • Rajab BOUZAYANI Faculté des sciences économiques et de gestion Author
  • Zouheir ABIDA Faculté des sciences économiques et de gestion Author

Keywords:

capital flows, financial development, panel data, GMM

Abstract

Today, one of the sources of growth and development of nations is the entry of private international capital flows. The objective of our paper is to study the effects of private capital flows on economic growth in North African countries from 1995 to 2017. The GMM econometric technique shows that the “KAOPEN” index and financial development affect economic growth in North African countries and the entry of capital flows reinforces the financial development effect on economic growth.

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Published

2021-06-30

Issue

No. 3 (2021): Romanian Journal of Public Affairs

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Private Capital Flows, Financial Development and Economic Growth in the North African Region. (2021). Romanian Journal of Public Affairs, 3, 07-20. https://rjpa.ro/index.php/rjpa/article/view/14