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Black market exchange rate, trade freedom and the links with economic growth : empirical evidence from the North African Countries
المؤلفون المشاركون
Bounoua, Shuayb
Matallah, Siham
المصدر
Maghreb Review of Economics and Management
العدد
المجلد 2015، العدد 1 (30 يونيو/حزيران 2015)، ص ص. 49-71، 23ص.
الناشر
تاريخ النشر
2015-06-30
دولة النشر
الجزائر
عدد الصفحات
23
التخصصات الرئيسية
الملخص EN
The present paper investigates the impact of black market exchange rate and trade freedom on economic growth in 4 North African countries over the period 1995-2011, through the use of panel data analysis.
According to the Hausman test, the fixed effects model is the most suitable one, it reveals that the black market exchange rate exhibits a statistically significant positive impact on economic growth in the North African countries (in other words, higher BEXR index leads to higher growth rates, since a high BEXR score indicates a low black market exchange rate premium), and this is consistent with theory.
Likewise, trade freedom displays a highly significant positive influence on economic growth in the four case study countries.
To sum up, a low black market premium and high trade freedom serve as promising catalysts for the North African countries’ economic growth.
Based on these findings, it can be concluded that the North African governments should dedicate massive reforms with clear goals and vigorous commitments to shrink the black market premium.
Additionally, the use of economic incentives for converting the track of black market towards the official mainstream is more effective than a bunch of unenforceable laws, and it further reflects the credibility of the government’s economic policy.
Moreover, Policy-makers in the North African region should design proper policies that aim to reduce incentives to engage in illegal market activities, and even more importantly, they must abandon all restrictive trade practices and liberalize FDI policies; they should also embark on ambitious policies aimed at stabilizing the political situation and consolidating peace.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Matallah, Siham& Bounoua, Shuayb. 2015. Black market exchange rate, trade freedom and the links with economic growth : empirical evidence from the North African Countries. Maghreb Review of Economics and Management،Vol. 2015, no. 1, pp.49-71.
https://search.emarefa.net/detail/BIM-860784
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Matallah, Siham& Bounoua, Shuayb. Black market exchange rate, trade freedom and the links with economic growth : empirical evidence from the North African Countries. Maghreb Review of Economics and Management No. 1 (Jun. 2015), pp.49-71.
https://search.emarefa.net/detail/BIM-860784
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Matallah, Siham& Bounoua, Shuayb. Black market exchange rate, trade freedom and the links with economic growth : empirical evidence from the North African Countries. Maghreb Review of Economics and Management. 2015. Vol. 2015, no. 1, pp.49-71.
https://search.emarefa.net/detail/BIM-860784
نوع البيانات
مقالات
لغة النص
الإنجليزية
رقم السجل
BIM-860784
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
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