العلاقة بين حجم السوق المالية و النمو الاقتصادي في منطقة دول الشرق الأوسط و شمال إفريقيا : دراسة تجارب ثلاثة بلدان (المغرب، تونس، الأردن)‎

الملخص EN

The development of financial systems and tools make many emergent countries registering rise in the market capitalization and the part of the capitalization from the total world capitalization, hence financial market may play role in economic activity.

Many world bank reports have already pointed out the importance of stock market and the FDI flow to perform economic growth, however the effect of financial market size on economic growth is not certain.

In this study we took a sample of three MENA countries (Morocco, Tunisia, Jordan) to measure the relationships between stock market size and economic growth.

Using statistical methods we found different results, while in Morocco the effect of financial market is positively weak , in Tunisia there is quite no effect and in Jordan the effect of financial market size on economic growth is positive.

In order to perform more economic growth in those countries more regulations and laws are needed to efficiently run the financial market.