THE NEXUS AMONG FINANCIAL DEVELOPMENT AND POVERTY REDUCTION: AN APPLICATION OF ARDL APPROACH FROM THE MENA REGION

Leila Chemli ()
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Leila Chemli: University of Sousse,Faculty of Economics and Management/TUNUSIA

JOURNAL OF LIFE ECONOMICS, 2014, vol. 1, issue 2, 133-148

Abstract: The objective of this paper is to examine the relationship between financial development and poverty reduction in 8 MENA countries (Algeria, Egypt, Iran, Jordan, Mauritania, Morocco, Tunisia and Yemen) over the period of 1990-2012 by using an "ARDL approach". Our empirical results show that the financial development favors the poor. The ratio to domestic credit to the private sector as % of GDP is significant and positive for Algeria, Iran, Jordan, and Tunisia. This country represents a sample of the upper-middle-income economies. While the ratio to liquid liabilities (M3) as % of GDP is significant and positive for our entire sample. This result suggests that access to credit for the poor remains a challenge.

Keywords: financial; development; poverty; reduction; ARDL; approach (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:jle:journl:v:1:y:2014:i:2:p:133-148

DOI: 10.15637/jlecon.46

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