Examining the Financial Development–Economic Growth Nexus from an Institutional Approach: Evidence from Non-Oil Arab Countries

Abdelkarim Yahyaoui, Kaies Samet, Amina Amirat
2021 Asian Economic and Financial Review  
This study is one of very few studies which have investigated whether institutional reform is necessary for the success of financial reforms, and that the financial system of non-oil Arab countries does not function well unless it is accompanied by intentional good quality. Thus, the relationship between financial development and economic growth in these countries is indirect and requires the establishment of high-quality institutions.
doi:10.18488/journal.aefr.2021.116.457.470 fatcat:aq2cxdfogbf4ba4ukpvxnzpwtm