أثر سياسة التحرير المالي على النمو الاقتصادي في الدول المغاربية (المغرب، تونس و الجزائر)‎ : دراسة قياسية خلال الفترة 1990-2017

الملخص EN

The aim of this study is to highlight the impact of the policy of financial liberalization on economic growth in a sample of Maghreb countries using the Panel data during the period (1990-2017).

The results of the estimation of the Autoregressive distributed lag model showed that there was no statistically significant effect of the loans provided by the financial sector on the growth rate of per capita GDP during the short term while in the long term the effect was statistically significant and positive.

The loans provided to the private sector was statistically insignificant effect during the short and long term.

The money supply variable had a negative and statistically significant effect on the growth rate of per capita GDP in the short term.

In contrast, its effect was positive and statistically significant in the long term.