Islamic financial development between polic stability and economic growth in the MENA region: Estimate a model of Simultaneous equations

Développement financier islamique entre stabilité politique et la croissance économique dans la région MENA: Estimation d'un modèle à équations simultanées

Abderraouf Mtiraoui (), Mongi Lassoued and Amine Mtiraoui
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Abderraouf Mtiraoui: Université de Sousse, Lamided, ISG, Université de Sousse - LAMIDED
Mongi Lassoued: Université de Sousse
Amine Mtiraoui: Institut des Hautes Etudes Commerciales (Université de Sousse)

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Abstract: The purpose of this paper is to study the relationship between the development of Islamic finance and economic growth on the one hand while developing an innovative literature review highlighting the role of the development of Islamic finance and also the the nature of the joint between political stability as an indicator of quality of governance and economic growth. And on the other hand, we empirically try to discover the direct and indirect effects of the development of Islamic finance and political stability on economic growth and hence the relationship between Islamic financial developments measured by private sector bank loans divided by GDP and political stability on economic growth. Our empirical validation is based on an estimation method, namely the model with simultaneous equations in some MENA countries during the period (1990-2018).

Keywords: Islamic financial development; Politic Stability; Models with simultaneous equation; Economic growth; Stabilité politique; Développement financier islamique; Croissance économique; Modèle à équations simultanées (search for similar items in EconPapers)
Date: 2019-10-21
New Economics Papers: this item is included in nep-ara, nep-fdg and nep-isf
Note: View the original document on HAL open archive server: https://hal.science/hal-02521371
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