Financial development and economic growth under uprisings

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dc.contributor.author Arayssi, Mahmoud
dc.contributor.author Fakih, Ali
dc.date.accessioned 2017-07-10T10:23:55Z
dc.date.available 2017-07-10T10:23:55Z
dc.date.issued 2017-07-10
dc.identifier.uri http://hdl.handle.net/10725/5900 en_US
dc.description.abstract This paper aims to examine the causal impact of the Arab Spring and government institutions on the finance-growth nexus. The empirical analysis is implemented for extensive firm-level panel data combined with national data covering macroeconomic and institutional factors for the period 2005-2014, starting six years before and continuing after the Arab Spring. Using Difference-in-Difference (DID) method, we analyze the effect of the Arab Spring. Evidence points to financial development as a strong positive contributor to growth. The analysis also indicates that the Arab Spring dampens growth. These results seem to suggest that political instability adversely affects growth; nevertheless a well-functioning financial system is a necessary but not a sufficient condition to enhance growth. Therefore, policies aiming at improving the efficiency and the operation of institutions such as a country’s legal system, citizen’s participation in selecting government, freedom of expression and the stage of financial development should persist over an extended period of time, in order to bear fruition and achieve a significant success in boosting economic growth and reducing poverty. en_US
dc.language.iso en en_US
dc.title Financial development and economic growth under uprisings en_US
dc.type Conference Paper / Proceeding en_US
dc.author.school SOB en_US
dc.author.idnumber 199629330 en_US
dc.author.idnumber 201105198 en_US
dc.author.department Department of Finance and Accounting (FINA) en_US
dc.description.embargo N/A en_US
dc.description.physdesc 38 p. en_US
dc.keywords Growth en_US
dc.keywords Financial development en_US
dc.keywords Institutions en_US
dc.keywords MENA region en_US
dc.keywords Arab Spring en_US
dc.keywords Panel data en_US
dc.identifier.ctation Arayssi, M., & Fakih, A. Financial Development and Economic Growth under Uprisings. en_US
dc.author.email mahmoud.araissi@lau.edu.lb en_US
dc.author.email AFakih@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url http://erf.org.eg/wp-content/uploads/2017/03/Finc_ERF23AC_ArayssiFakih.pdf en_US
dc.orcid.id https://orcid.org/0000-0002-1816-8835
dc.orcid.id https://orcid.org/0000-0002-8562-3308 en_US
dc.author.affiliation Lebanese American University en_US

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