العوامل المحددة لعوائد الإصدار النقدي في الدول العربية

الملخص EN

The Research aims to identify the factors determinant of the Seigniorage Revenues in the Arab countries.

For achieve this, the Paper used a sample of Arab countries divided into two groups.

The first group included four oil countries (Saudi Arabia, Iraq, Qatar and Kuwait), while the second group included four non-oil countries (Jorden, Tunisia, Egypt and Morocco), and adopted the Balanced Panel Data methodology for each of the two groups and for the period 2002-2015 as model for proof that.

The results of the evaluation revealed a positive effect and statistical significance on the money demand and the budget deficit in the Seigniorage Revenues in the first group of countries, while confirming the effect of both the money demand and the size of the agricultural sector in the second group of countries.