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Les institutions influencent-elles la relation

Author

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  • Magloire LANHA

    (Laboratoire de Microéconomie du Développement (LAMIDEV), Faculté des Sciences Economiques et de Gestion, Université d’Abomey-Calavi, Bénin)

Abstract

La présente étude examine l’effet du développement financier sur la croissance écono-mique, en mettant en évidence des effets de seuil selon la qualité des institutions, sur un large panel de 171 pays développés et en développement. L’analyse mobilise des données sur les six dimensions de la qualité des institutions entre 2004 et 2018. L’approche mé-thodologique repose sur la méthode des panels à transition lisse PSTR, complétée par celle des GMM en système. Les résultats obtenus montrent de manière très significative une relation non linéaire entre le développement financier et la croissance économique, condi-tionnée par la qualité institutionnelle. Il apparaît en particulier que le développement financier favorise la croissance économique dans les pays disposant de « bonnes » institu-tions, tandis que la « malédiction financière » prévaut dans les pays où la qualité des institutions est altérée.

Suggested Citation

  • Magloire LANHA, 2022. "Les institutions influencent-elles la relation," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 55, pages 5-22.
    • Handle: RePEc:tou:journl:v:55:y:2022:p:5-22
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    More about this item

    Keywords

    Développement financier ; Qualité des institutions ; Croissance économique ; Modèle PSTR ; GMM en système;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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