Computer Science
6 years ago

Financial sector development fuels economic growth in Middle East and North Africa.

Jordan journal of economic sciences
The Impact of Financial Sector Development on Economic Growth in the Middle East and North Africa
Mohammad Saeed Ballour, Amer Zakariyah Bakir

Paper Summary

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The study looked at how the financial sector affects economic growth in the Middle East and North Africa. They studied 11 countries from 1980 to 2009 and found that a strong financial sector helps the economy grow. This means that when countries improve their financial systems, it can lead to more economic growth. The results show that policies that support growth in the real economy can also help develop the financial sector. This suggests that improving access to credit and reforming the financial sector can have big benefits for countries in the region.