Stock Markets, Banks, and Economic Growth: Empirical Evidence from the MENA Region

By Sami Ben Naceur, Sami Ghazouani. 2007

424 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/569d68776ac353fce192d1ef4ecf4e7c20351425

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Christophe Rault
2. Muhammad Shahbaz
3. Hooi Hooi Lean
4. Mohamed Arouri
5. Fadzlan Sufian
6. Rami Zeitun
7. Samy Ben Naceur

In Economics and Econometrics

1. Muhammad Shahbaz
2. Ilhan Ozturk
3. Christophe Rault
4. A. Marques
5. Hooi Hooi Lean
6. J. Fuinhas
7. Mohamed Arouri
8. Mak B. Arvin

In Finance

1. Seifallah Sassi
2. Christophe Rault
3. Muhammad Asif Khan
4. J. Fuinhas
5. John H. Hall
6. A. Marques
7. Sahar Bahmani
8. Rudra Prakash Pradhan

Citations in the corpus

• Digital financial inclusion and economic growth: provincial data analysis of China (2021, background): “For instance, Naceur and Ghazouani (2007) investigated the association between financial inclusion and economic growth in the 11 MENA countries from 1979 to 2003.”
• Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries (2014, background): “…development, and economic growth (Cheng, 2012; Choe & Moosa, 1999; Cole, Moshirian, & Wu, 2008; Colombage, 2009; Gries, Kraft, & Meierrieks, 2009; Hassan, Sanchez, & Yu, 2011; Naceur & Ghazouani, 2007; Panopoulou, 2009; Rousseau, 2009; Zivengwa, Mashika, Bokosi, & Makova, 2011; Zhang et al., 2012).”
• Does financial development increase energy consumption? The role of industrialization and urbanization in Tunisia (2011, background): “Naceur and Samir (2007) documented that banks and equity markets promote economic growth in Middle East and North African countries including Tunisia.”
• Oil Prices and Stock Markets: What Drives What in the Gulf Corporation Council Countries? (2010, background): “development of these countries can be found in Neaime (2005) and Naceur and Ghazouani (2007) .”
• Does the stock market cause economic growth? Portuguese evidence of economic regime change (2013, background): “…government size, per capita income, trade openness, and stock market indicators such as size, activity and efficiency are common in the literature (e.g. Bangake and Eggoh, 2011; Beck and Levine, 2002; Bordo and Rousseau, 2012; Huang et al., 2010; Naceur and Ghazouani, 2007; Yilmazkuday, 2011).”
• Institutional Determinants of Financial Development in MENA countries (2016, neutral): “While higher GDP growth has a positive impact on the stock market, it does not seem to promote banking activities (Ben Naceur, Cherif and Kandil, 2014).”
• Financial development, ICT diffusion and economic growth: Lessons from MENA region (2013, background): “In the same vein, Ben Naceur and Ghazouani (2007) found evidence of a positive effect of stock markets development but a meaningful negative effect of bank development on growth on a sample of 10 MENA countries.”