علاقة التحرير المالي بالنمو الاقتصادي : دليل تجريبي من بعض الدول العربية

Abstract EN

This research investigates the relationship between financial liberalization and economic growth.

The success of the financial liberalization policy requires stability in macroeconomic indicators, gradual implementation, and banking systems supervision.

The data used in this study came from six Arabic countries during the period (1990-2017).

by using Panel data techniques; the Kao test has confirmed a long-run balanced relationship between the study variables.

For instance, the model was statistically accepted based on the PMG estimator.

Also, the parameters indicators have corresponded to the theoretical background in the long run.

The paper concludes with sets of results.

Thus, a 1% increase in one of these indicators: foreign direct investment, loans granted to the private sector, and financial intermediation will raise the rates of economic growth by 0.

01%, 0.

05%, 0.

03% respectively.

The banking sector, financial intermediation have an effective role in the foreign direct investment FDI attracting, and economic growth stimulating.