Matches in SemOpenAlex for { <https://semopenalex.org/work/W1535723139> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W1535723139 abstract "In order to investigate the impact of financial market liberalization on economic growth in the MENA region, we need to replace our contribution in the economic growth literature. Our study is related to the literature on policy impacting growth rather than the debate on convergence between low-income and high-income countries which dominates the current research on economic growth. Our study is one of the few studies that focus on MENA countries. Several issues are addressed about the impact of stock market liberalization on economic growth. Using annually data from 11 MENA countries over the 1979-2005 period, the empirical results indicate that stock market liberalization has no effect on economic and investment growth whereas the impact on stock market development is negative in the short-run but turns positive in the long-run. However, when we include certain pre-conditions for liberalizing the stock market, we find that a more developed stock market prior to liberalization, less government intervention and by not fully opening the economy to foreign trade reinforces the positive impact of liberalization on stock market development. These results could have some important policy implications; in which domestic financial reforms should precede policies that aim at liberalizing the stock market. This is not only easier and faster to accomplish, but from a policy sequencing perspective it pays to reform the trade regime before liberalizing fully the (portfolio component of the) capital account. In conclusion, reforms should first and foremost start in the domestic economy before open it full to foreign participation. Our results are robust to several specifications." @default.
- W1535723139 created "2016-06-24" @default.
- W1535723139 creator A5013628952 @default.
- W1535723139 creator A5038038539 @default.
- W1535723139 creator A5054563745 @default.
- W1535723139 date "2007-10-01" @default.
- W1535723139 modified "2023-09-23" @default.
- W1535723139 title "Does Financial Market Liberalization Spur Economic and Financial Development in the MENA Region" @default.
- W1535723139 cites W1521170536 @default.
- W1535723139 cites W2048005519 @default.
- W1535723139 cites W2063914592 @default.
- W1535723139 cites W2106292865 @default.
- W1535723139 cites W2106747608 @default.
- W1535723139 cites W2153554155 @default.
- W1535723139 cites W2157074278 @default.
- W1535723139 cites W2169091669 @default.
- W1535723139 cites W3121439179 @default.
- W1535723139 cites W3123657047 @default.
- W1535723139 cites W3123893550 @default.
- W1535723139 cites W3124378926 @default.
- W1535723139 cites W611371368 @default.
- W1535723139 hasPublicationYear "2007" @default.
- W1535723139 type Work @default.
- W1535723139 sameAs 1535723139 @default.
- W1535723139 citedByCount "2" @default.
- W1535723139 countsByYear W15357231392014 @default.
- W1535723139 countsByYear W15357231392016 @default.
- W1535723139 crossrefType "posted-content" @default.
- W1535723139 hasAuthorship W1535723139A5013628952 @default.
- W1535723139 hasAuthorship W1535723139A5038038539 @default.
- W1535723139 hasAuthorship W1535723139A5054563745 @default.
- W1535723139 hasConcept C10138342 @default.
- W1535723139 hasConcept C143910263 @default.
- W1535723139 hasConcept C151730666 @default.
- W1535723139 hasConcept C162324750 @default.
- W1535723139 hasConcept C18547055 @default.
- W1535723139 hasConcept C2780299701 @default.
- W1535723139 hasConcept C2780762169 @default.
- W1535723139 hasConcept C34447519 @default.
- W1535723139 hasConcept C556758197 @default.
- W1535723139 hasConcept C58823610 @default.
- W1535723139 hasConcept C86803240 @default.
- W1535723139 hasConceptScore W1535723139C10138342 @default.
- W1535723139 hasConceptScore W1535723139C143910263 @default.
- W1535723139 hasConceptScore W1535723139C151730666 @default.
- W1535723139 hasConceptScore W1535723139C162324750 @default.
- W1535723139 hasConceptScore W1535723139C18547055 @default.
- W1535723139 hasConceptScore W1535723139C2780299701 @default.
- W1535723139 hasConceptScore W1535723139C2780762169 @default.
- W1535723139 hasConceptScore W1535723139C34447519 @default.
- W1535723139 hasConceptScore W1535723139C556758197 @default.
- W1535723139 hasConceptScore W1535723139C58823610 @default.
- W1535723139 hasConceptScore W1535723139C86803240 @default.
- W1535723139 hasOpenAccess W1535723139 @default.
- W1535723139 hasRelatedWork W1444455633 @default.
- W1535723139 hasRelatedWork W1587696257 @default.
- W1535723139 hasRelatedWork W1862965385 @default.
- W1535723139 hasRelatedWork W2076409867 @default.
- W1535723139 hasRelatedWork W2096015434 @default.
- W1535723139 hasRelatedWork W2127765754 @default.
- W1535723139 hasRelatedWork W2368270294 @default.
- W1535723139 hasRelatedWork W2387628321 @default.
- W1535723139 hasRelatedWork W2482026421 @default.
- W1535723139 hasRelatedWork W269900810 @default.
- W1535723139 hasRelatedWork W2888221319 @default.
- W1535723139 hasRelatedWork W2948075644 @default.
- W1535723139 hasRelatedWork W3124037093 @default.
- W1535723139 hasRelatedWork W3124341340 @default.
- W1535723139 hasRelatedWork W3124873083 @default.
- W1535723139 hasRelatedWork W3125558083 @default.
- W1535723139 hasRelatedWork W3125682650 @default.
- W1535723139 hasRelatedWork W3125738354 @default.
- W1535723139 hasRelatedWork W3126077267 @default.
- W1535723139 hasRelatedWork W2181697294 @default.
- W1535723139 isParatext "false" @default.
- W1535723139 isRetracted "false" @default.
- W1535723139 magId "1535723139" @default.
- W1535723139 workType "article" @default.