Domestic public debt and financial development in Mediterranean countries: Case of Lebanon and Tunisia

Dette publique intérieure et développement financier dans le contexte des pays méditerranéens: cas du Liban et de la Tunisie

Wissem Ajili (), Hassan Ayoub and Marc Raffinot
Additional contact information
Wissem Ajili: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School
Hassan Ayoub: EQUIPPE - Economie Quantitative, Intégration, Politiques Publiques et Econométrie - Université de Lille, Sciences et Technologies - Université de Lille, Sciences Humaines et Sociales - PRES Université Lille Nord de France - Université de Lille, Droit et Santé

Post-Print from HAL

Abstract: The management of the domestic public debt is likely to have a positive impact on the financial development of low and middle income countries, even if some adverse effects are also identified in the literature. We test the relationship between domestic public debt and financial development in the case of two Mediterranean countries, Tunisia and Lebanon, using a Granger causality approach. In the case of Lebanon, no significant impact has been found. In the case of Tunisia, some evidence of a causal relationship between domestic debt and financial development has been found.

Date: 2013-03-01
References: Add references at CitEc
Citations:

Published in Techniques financières et développement, 2013, 2013/1 (110), pp.45-65. ⟨10.3917/tfd.110.0045⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04244970

DOI: 10.3917/tfd.110.0045

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().