The Impact of Financial Development on Economic Growth
M. Haguiga and
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M. Haguiga: University Ouargla, Algeria
L. Amani: University Ouargla, Algeria
Journal of Applied Management and Investments, 2019, vol. 8, issue 2, 107-116
This study aims to test the experimental relationship between the development of the financial sector and the economic growth of Algeria during the period 2005-2014. In order to reach this relationship, the researcher used the data of Panel models. The study included thirteen Algerian commercial banks. Using the PANEL model data, the results showed a positive impact on the development of the financial sector in stimulating the economic growth of Algeria during the period of the study. This effect is reflected in the banking sector through the volume of assets and the ratio of credit facilities granted to the private sector as a percentage of GDP to economic growth which reflects the role of banks in financing private sector activity and supports the hypothesis that there is an impact of financial development on Algeria's economic growth.
Keywords: economic growth; financial development; banking development; private sector loans; PANEL models (search for similar items in EconPapers)
JEL-codes: O42 G21 C33 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ods:journl:v:8:y:2019:i:2:p:107-116
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