Financial development and human development: A non-linear analysis for Oil-exporting and Oil-importing countries in MENA region

Abdelaziz Hakimi and Helmi Hamdi

Economics Bulletin, 2019, vol. 39, issue 4, 2484-2498

Abstract: The purpose of this study is to define the optimal threshold of financial development that might affects human development in a panel of 13 MENA countries that are divided into two sub-samples: oil-exporting and oil-importing countries. Results of the panel smooth transition regression (PSTR) model show that the threshold of financial development is 0.389 in oil-exporting 0.588 for oil-importing countries. Hence, below these thresholds, financial development acts negatively and significantly on human development and above them its effect become positive.

Keywords: Financial development; human development; MENA region; PSTR model (search for similar items in EconPapers)
JEL-codes: D6 I3 (search for similar items in EconPapers)
Date: 2019-11-03
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Citations: View citations in EconPapers (2)

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