أثر جودة المؤسسات على تطور القطاع المالي : دراسة حالة الدول العربية للفترة 1996-2016

الملخص EN

One of the most features of the financial economics literature has been the increase importance of financial development in promoting growth.

The frontier of the literature in this field is shifting towards providing answers to the question of why some countries are more financially developed than others.

In this context, a deeper understanding of the sources of financial development is becoming more and more relevant for the design of successful policies to promote financial development.

In this study, we examine the impact of institutional quality on financial development in Arab countries from 1996 to 2016.

We apply the OLS with to a panel data set of 20 economies in the region.

We find that institutional quality not foster financial development in Arab countries while economic growth and trade openness are key determinants of financial development in them.