IDEAS home Printed from https://ideas.repec.org/a/spr/snbeco/v4y2024i6d10.1007_s43546-024-00661-2.html
   My bibliography  Save this article

Capital account liberalization and economic growth in Tunisia

Author

Listed:
  • Souhir Elhmedi

    (University of Sfax)

  • Niazi Kammoun

    (University of Sfax)

Abstract

The impact of capital account liberalization on economic growth remains a hotly debated topic, sparking lively discussions among various economic trends. This paper aims to highlight the nature of this relationship in Tunisia over the period 1984–2020. To achieve this objective, we employ the Autoregressive Distributed Lag (ARDL) method. The main findings indicate that, in the short run, the influences of capital account liberalization, institutional and financial development and trade openness on economic growth are mixed, while in the long run, these factors have significantly positive impacts on economic growth. These outcomes have crucial financial and political implications. Financial authorities and policymakers are invited to enhance financial efficiency by reducing the costs associated with acquiring and processing information on potential customers, thereby fostering economic growth. Additionally, policymakers should make more efforts to improve institutional quality by implementing efficient regulatory procedures, while maintaining a stable macroeconomic environment.

Suggested Citation

  • Souhir Elhmedi & Niazi Kammoun, 2024. "Capital account liberalization and economic growth in Tunisia," SN Business & Economics, Springer, vol. 4(6), pages 1-21, June.
    • Handle: RePEc:spr:snbeco:v:4:y:2024:i:6:d:10.1007_s43546-024-00661-2
    DOI: 10.1007/s43546-024-00661-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43546-024-00661-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43546-024-00661-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:snbeco:v:4:y:2024:i:6:d:10.1007_s43546-024-00661-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.