IDEAS home Printed from https://ideas.repec.org/a/shc/jaresh/v6y2014i2p225-238.html
   My bibliography  Save this article

Financial Liberalization, Crisis And Economic Growth: An Econometric Investigation

Author

Listed:
  • AMAIRA BOUZID
  • AMAIRIA RADHIA

Abstract

This paper aims to present an empirical decomposition of the financial liberalization effects on economic growth and on the incidence of monetary and banking crises. Our study presents the direct effect of financial liberalization on growth by using a dynamic panel model and multivariate probit model of ten emergent countries during 1975-2003 by using macroeconomic and financial variables. This article consists to discuss the direct effect of financial liberalization on the growth, like their indirect effect in terms of the additional costs of the crisis. It confirms the results of previous studies that show the positive total effect of financial liberalization on economic growth. Surprisingly, we conclude that the direct effect growth is superior compared of indirect effect crisis in our sample.

Suggested Citation

  • Amaira Bouzid & Amairia Radhia, 2014. "Financial Liberalization, Crisis And Economic Growth: An Econometric Investigation," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 6(2 (June)), pages 225-238.
    • Handle: RePEc:shc:jaresh:v:6:y:2014:i:2:p:225-238
    as

    Download full text from publisher

    File URL: http://www.jare-sh.com/downloads/abstract_june_2014/bouzid.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial liberalization; economic growth; financial and banking crisis; dynamic panel data; Probit model.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G1 - Financial Economics - - General Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    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:shc:jaresh:v:6:y:2014:i:2:p:225-238. 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: Claudiu Chiru (email available below). General contact details of provider: https://edirc.repec.org/data/fcuspro.html .

    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.