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Ouverture financière et rattrapage technologique : Evidence empirique à partir du bassin méditerranéen
[Financial Openness and Technological Catch-up: Empirical Evidence from the Mediterranean Basin]

Author

Listed:
  • Nabi, Mahmoud Sami
  • Ben Aissa, Safouane
  • Drine, Imed

Abstract

This study analyses the effects of financial openness on productive efficiency and technology catch-up in four countries in the Mediterranean Basin (Algeria, Egypt, Morocco and Tunisia) as compared to the situation about the same in a group of developed countries (France, Germany, Japan, and the UK)over the period 1985-2005. Using the stochastic production frontier method with variable inefficiency (Battese and Coelli, 1995) and the metafrontier technique(Battese et al. 2004), we show, with the exception of Tunisia, that the productive efficiency of the first group of countries has continuously declined. We also identify an ever-widening technology gap for the first-group countries relatively to the second-group countries caused by among other things, a slowdown their financial openness from the second half of the 1990s.

Suggested Citation

  • Nabi, Mahmoud Sami & Ben Aissa, Safouane & Drine, Imed, 2008. "Ouverture financière et rattrapage technologique : Evidence empirique à partir du bassin méditerranéen
    [Financial Openness and Technological Catch-up: Empirical Evidence from the Mediterranean Basi
    ," MPRA Paper 20637, University Library of Munich, Germany, revised Jul 2009.
  • Handle: RePEc:pra:mprapa:20637
    as

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    File URL: https://mpra.ub.uni-muenchen.de/20637/1/MPRA_paper_20637.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    financial openness; productive efficiency; technology catch-up;

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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