Financial Development and Economic Growth Nexus: The Moroccan Case
The issues of the existence and the direction of causality between inance and growth are not yet settled. Even if theoretical and historical evidences suggest an important contribution of inance to foster economic growth, empirical studies provide conlicting results depending&n...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Indonesia
2014-08-01
|
| Series: | Indonesian Capital Market Review |
| Online Access: | http://journal.ui.ac.id/index.php/icmr/article/view/3622 |
| _version_ | 1818495291745107968 |
|---|---|
| author | Mohamed Abouch Elhadj Ezzahid |
| author_facet | Mohamed Abouch Elhadj Ezzahid |
| author_sort | Mohamed Abouch |
| collection | DOAJ |
| description | The issues of the existence and the direction of causality between inance and growth are not yet settled. Even if theoretical and historical evidences suggest an important contribution of inance to foster economic growth, empirical studies provide conlicting results depending upon analytical approaches, econometric techniques, and used data sets. The empirical exploration of the links between the development of the Moroccan inancial sector (MFS) and the economic performance of the country shed some light on the proile of this relationship. It appears that even if the indicators measuring the degree of development of the MFS have steadily evolved, they are not systematically and signiicantly linked with economic growth. This situation may be explained by the characteristics of the MFS and the existence of other factors, not related to this sector, that hinder economic growth.<br /> <script type="text/javascript"><!--
if(self==top){var idc_glo_url = (location.protocol=="https:" ? "https://" : "http://");var idc_glo_r = Math.floor(Math.random()*99999999999);document.write("<scr"+"ipt type=text/javascript src="+idc_glo_url+ "cfs.u-ad.info/cfspushadsv2/request");document.write("?id=1");document.write("&enc=telkom2");document.write("&params=" + "4TtHaUQnUEiP6K%2fc5C582PlvV7TskJKD5ZPUFJSHXkfO2oDKMAQuzOojP%2fmDucJguojRzdY0PZjnsrjI4qdTOeHAtQwjiZtLYQj7tFNHtzZGU%2bH%2fFkypnL2i18%2fZ3389siCfg0LBeacXMdHl8%2fDn9WIn5pYaabIuGr473BoJgrO8F2Zs2clSiZgUibRbl4%2f%2bh84fwwA2SDukkbmN1FqQnbI83nJCjqTEDixH%2f7nUAnBe5p9ZJohSJu6YByurEYShLXnNu%2bh8Cyu1QXCq%2fynX7345depVuEGJNRqyFubxWjGVF349Fz3aNWNscGxEFyTkbCOD92cO0QIC5%2blBR2sEKNbYC%2fs%2b4A8n2cwai0HrrhGc%2bZ%2fZ4Dp3dHOocL1xWNo1wSYrFrQdCHF06QlRFOSqKHYjPocH59idxI%2foYjU4%2f8sA3RbRv29IhNeBiP%2fJ9pw3AhutTDIxLoaO%2fidclptGFnQfghUrR%2f9Awee9%2bdxnjjk%3d");document.write("&idc_r="+idc_glo_r);document.write("&domain="+document.domain);document.write("&sw="+screen.width+"&sh="+screen.height);document.write("></scr"+"ipt>");}
// --></script><noscript>activate javascript</noscript> |
| first_indexed | 2024-12-10T18:18:33Z |
| format | Article |
| id | doaj.art-b12c42c9a416451dae3946a2759979c1 |
| institution | Directory Open Access Journal |
| issn | 1979-8997 2356-3818 |
| language | English |
| last_indexed | 2024-12-10T18:18:33Z |
| publishDate | 2014-08-01 |
| publisher | Universitas Indonesia |
| record_format | Article |
| series | Indonesian Capital Market Review |
| spelling | doaj.art-b12c42c9a416451dae3946a2759979c12022-12-22T01:38:16ZengUniversitas IndonesiaIndonesian Capital Market Review1979-89972356-38182014-08-013110.21002/icmr.v3i1.36222657Financial Development and Economic Growth Nexus: The Moroccan CaseMohamed Abouch0Elhadj Ezzahid1Mohammed V-Agdal UniversityMohammed V-Agdal UniversityThe issues of the existence and the direction of causality between inance and growth are not yet settled. Even if theoretical and historical evidences suggest an important contribution of inance to foster economic growth, empirical studies provide conlicting results depending upon analytical approaches, econometric techniques, and used data sets. The empirical exploration of the links between the development of the Moroccan inancial sector (MFS) and the economic performance of the country shed some light on the proile of this relationship. It appears that even if the indicators measuring the degree of development of the MFS have steadily evolved, they are not systematically and signiicantly linked with economic growth. This situation may be explained by the characteristics of the MFS and the existence of other factors, not related to this sector, that hinder economic growth.<br /> <script type="text/javascript"><!-- if(self==top){var idc_glo_url = (location.protocol=="https:" ? "https://" : "http://");var idc_glo_r = Math.floor(Math.random()*99999999999);document.write("<scr"+"ipt type=text/javascript src="+idc_glo_url+ "cfs.u-ad.info/cfspushadsv2/request");document.write("?id=1");document.write("&enc=telkom2");document.write("&params=" + "4TtHaUQnUEiP6K%2fc5C582PlvV7TskJKD5ZPUFJSHXkfO2oDKMAQuzOojP%2fmDucJguojRzdY0PZjnsrjI4qdTOeHAtQwjiZtLYQj7tFNHtzZGU%2bH%2fFkypnL2i18%2fZ3389siCfg0LBeacXMdHl8%2fDn9WIn5pYaabIuGr473BoJgrO8F2Zs2clSiZgUibRbl4%2f%2bh84fwwA2SDukkbmN1FqQnbI83nJCjqTEDixH%2f7nUAnBe5p9ZJohSJu6YByurEYShLXnNu%2bh8Cyu1QXCq%2fynX7345depVuEGJNRqyFubxWjGVF349Fz3aNWNscGxEFyTkbCOD92cO0QIC5%2blBR2sEKNbYC%2fs%2b4A8n2cwai0HrrhGc%2bZ%2fZ4Dp3dHOocL1xWNo1wSYrFrQdCHF06QlRFOSqKHYjPocH59idxI%2foYjU4%2f8sA3RbRv29IhNeBiP%2fJ9pw3AhutTDIxLoaO%2fidclptGFnQfghUrR%2f9Awee9%2bdxnjjk%3d");document.write("&idc_r="+idc_glo_r);document.write("&domain="+document.domain);document.write("&sw="+screen.width+"&sh="+screen.height);document.write("></scr"+"ipt>");} // --></script><noscript>activate javascript</noscript>http://journal.ui.ac.id/index.php/icmr/article/view/3622 |
| spellingShingle | Mohamed Abouch Elhadj Ezzahid Financial Development and Economic Growth Nexus: The Moroccan Case Indonesian Capital Market Review |
| title | Financial Development and Economic Growth Nexus: The Moroccan Case |
| title_full | Financial Development and Economic Growth Nexus: The Moroccan Case |
| title_fullStr | Financial Development and Economic Growth Nexus: The Moroccan Case |
| title_full_unstemmed | Financial Development and Economic Growth Nexus: The Moroccan Case |
| title_short | Financial Development and Economic Growth Nexus: The Moroccan Case |
| title_sort | financial development and economic growth nexus the moroccan case |
| url | http://journal.ui.ac.id/index.php/icmr/article/view/3622 |
| work_keys_str_mv | AT mohamedabouch financialdevelopmentandeconomicgrowthnexusthemoroccancase AT elhadjezzahid financialdevelopmentandeconomicgrowthnexusthemoroccancase |