Advanced Search
MyIDEAS: Login

Privatization and Financial Market Development: A Comparison between MENA Countries and Other Regions

Contents:

Author Info

  • Samir Ghazouani

    ()
    (Laboratoire d’Economie et Finance Appliquées and Ecole Supérieure de la Statistique et de l’Analyse de l’Information)

  • Narjess Boubakri
  • Samir Ghazouani
Registered author(s):

    Abstract

    This paper examines the impact of privatization on stock market size and liquidity in a multinational sample of 31 emerging markets. We find that the intensity of privatization and the use of privatization offerings on the stock market contribute to enhance stock market development. To enable result comparisons across geographical regions, we re-run our GMM on our dynamic panel and find that results vary across-regions. Privatization was the most beneficial in the Asian sub sample where most favorable conditions were put in place before privatization actually started. In the MENA region however, similar positive outcomes are yet to materialize. We derive several policy implications from our results.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.erf.org.eg/CMS/getFile.php?id=1194
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Namees Nabeel)
    Download Restriction: no

    File URL: http://www.erf.org.eg/cms.php?id=NEW_publication_details_working_papers&publication_id=946
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Namees Nabeel)
    Download Restriction: no

    Bibliographic Info

    Paper provided by Economic Research Forum in its series Working Papers with number 390.

    as in new window
    Length: 28 pages
    Date of creation: Apr 2008
    Date of revision: Apr 2008
    Publication status: Published by The Economic Research Forum (ERF)
    Handle: RePEc:erg:wpaper:390

    Contact details of provider:
    Postal: 7 Boulos Hanna Street, Dokki, Cairo
    Phone: 202-3370810
    Fax: 202-3616042
    Email:
    Web page: http://www.erf.org.eg
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:erg:wpaper:390. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Namees Nabeel).

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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