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Financial Liberalization and Financial Constraints on the Corporate Sector in Tunisia

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Listed:
  • Mejda Bahlous
  • Mustapha K. Nabli

    (The World Bank)

Abstract

This paper studies the impact of the financial and economic liberalization in Tunisia since the mid-1980s on the financial structure and behavior of the corporate sector. We analyze the effect of financing constraints, due to market imperfections as well as credit allocation policies, on the determinants of investment and indebtedness of the corporate sector. A number of firm characteristics are found to imply significantly different financing constraints: government ownership, trade orientation, and size of firm. We also investigate the impact of financial liberalization on the economic performance of firms. Our results show a strong, mostly positive, effect of financial liberalization on the economic performance, as well as on financial structure, investment and financing behavior of Tunisian firms.

Suggested Citation

  • Mejda Bahlous & Mustapha K. Nabli, 2000. "Financial Liberalization and Financial Constraints on the Corporate Sector in Tunisia," Working Papers 2005, Economic Research Forum, revised 02 Oct 2000.
    • Handle: RePEc:erg:wpaper:2005
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    References listed on IDEAS

    as
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    Cited by:

    1. Gehlhar, Mark & Wainio, John, 2004. "Feasibility of Reducing Agricultural Protection: Implications for Farm Households," Conference papers 331293, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Izak Atiyas, 2011. "Firm-Level Data In The Mena Region: Research Questions, Data Requirements And Possibilities," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 159-190.
    3. Izak Atiyas, 2011. "Firm Level Data in The ERF Region: Research Questions, Data Requirements and Possibilities," Working Papers 589, Economic Research Forum, revised 06 Jan 2011.

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