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Financial development and economic growth: New evidence from Tunisia

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  • Ben Jedidia, Khoutem
  • Boujelbène, Thouraya
  • Helali, Kamel

Abstract

This paper examined an empirical investigation of whether financial development can boost economic growth in Tunisia. We used an Autoregressive Distributed Lag method to assess the finance-growth relation taking private credit, value traded and issuing bank's securities on the financial market as financial development indicators.

Suggested Citation

  • Ben Jedidia, Khoutem & Boujelbène, Thouraya & Helali, Kamel, 2014. "Financial development and economic growth: New evidence from Tunisia," Journal of Policy Modeling, Elsevier, vol. 36(5), pages 883-898.
    • Handle: RePEc:eee:jpolmo:v:36:y:2014:i:5:p:883-898
    DOI: 10.1016/j.jpolmod.2014.08.002
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    More about this item

    Keywords

    Financial development; Economic growth; Intermediation-stock market; Autoregressive Distributed Lag method; Tunisia;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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