تحليل تجريبي للعوامل المؤثرة على نسبة تفضيل السيولة في دول شمال أفريقيا باستخدام نماذج بيانات البانل للفترة 1986-2019

Abstract EN

This study aims to measure and analyse the Factors Affecting the liquidity preference (the liquidity preference as a percentage of nominal gross domestic output) in North African (07 countries) during the period 1986-2019.

The study employed the panel data Model, within the frame work of static panel.

This study reached that the best appropriate model, within the frame work result of static analysis of panel data is the FEM, and the main difference between these countries refers the intercept.

This, while the static analysis showed a negative and significant relationship between the liquidity preference and the average per capita GDP, while the positive and significant relationship between the liquidity preference and the financial development, the inflation rate and the real exchange rate.

The results of the Pedroni's cointegration test between the study variables showed the ence of a long-term balanced relationship between the liquidity preference and the rest of the explanatory variables.