Revisiting the Finance-Growth Nexus: Further Evidence from Tunisia

Riadh Ben Jelili ()

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Abstract: The aim of this paper is to analyze the relationship between financial development and economic growth in terms of intersectoral spillovers. The econometric investigations are performed using a dynamic theoretical framework consistent with Feder (1983). For this purpose, yearly national accounts data for Tunisia during the period 1972-2008 are exploited. One of the principal motivations of this investigation goes back to the fact that the issue of the role of the financial factor in economic development in Tunisia is not adequately researched. This paper should be viewed as an attempt to fill this gap. The empirical estimations show significant externalities from the financial services industry to the real economy.

Keywords: JEL classification: O16; O41; O55; C32 Financial development; Two-sector growth model; Tunisia; Time series models (search for similar items in EconPapers)
Date: 2012
Note: View the original document on HAL open archive server: https://hal.science/hal-03840566
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Published in Middle East Development Journal, 2012

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Journal Article: Revisiting the Finance-Growth Nexus: Further Evidence from Tunisia (2012)
Journal Article: REVISITING THE FINANCE-GROWTH NEXUS: FURTHER EVIDENCE FROM TUNISIA (2012)
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