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Islamic financial development between investment and economic growth in the MENA region and The East Asia and the Pacific
[Développement financier islamique entre l'investissement et la croissance économique dans la région MENA et l'Asie de l'Est et Pacifique]

Author

Listed:
  • Abderraouf Ben Ahmed Mtiraoui

    (Université de Sousse)

Abstract

The purpose of this paper is to study, in the first place, the theoretical relationship between Islamic financial development, investment and economic growth. Second, we empirically try to discover the interaction between "Islamic financial development, investment and economic growth". Our empirical study highlights the direct effects of Islamic financial development on growth and investment. Finally, we also clarify the indirect effects of Islamic financial development on growth through Investment and vice versa, also on other socio-economic indicators over the period from 1990 to 2018, while using the model with simultaneous equations for the MENA region and East Asia and the Pacific.

Suggested Citation

  • Abderraouf Ben Ahmed Mtiraoui, 2020. "Islamic financial development between investment and economic growth in the MENA region and The East Asia and the Pacific [Développement financier islamique entre l'investissement et la croissance ," Working Papers hal-02523154, HAL.
    • Handle: RePEc:hal:wpaper:hal-02523154
    Note: View the original document on HAL open archive server: https://hal.science/hal-02523154
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    References listed on IDEAS

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    1. Suleiman Abu‐Bader & Aamer S. Abu‐Qarn, 2008. "Financial Development and Economic Growth: Empirical Evidence from Six MENA Countries," Review of Development Economics, Wiley Blackwell, vol. 12(4), pages 803-817, November.
    2. Levine, Ross & Zervos, Sara, 1998. "Stock Markets, Banks, and Economic Growth," American Economic Review, American Economic Association, vol. 88(3), pages 537-558, June.
    3. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    4. Ebrahim, M. Shahid, 2009. "Can an Islamic model of housing finance cooperative elevate the economic status of the underprivileged?," Journal of Economic Behavior & Organization, Elsevier, vol. 72(3), pages 864-883, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Développement financier Islamique; Investissement; Croissance Economique; Modèles à Équations Simultanées;
    All these keywords.

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