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THE NEXUS AMONG FINANCIAL DEVELOPMENT AND POVERTY REDUCTION: AN APPLICATION OF ARDL APPROACH FROM THE MENA REGION

Journal Name:

  • Journal of Life Economics

Publication Year:

  • 2014
DOI: 
http://dx.doi.org/10.15637/jlecon.46

Key Words:

Author NameUniversity of Author
Abstract (2. Language): 
The objective of this paper is to examine the relationship between financial development and poverty reduction in 8 MENA countries (Algeria, Egypt, Iran, Jordan, Mauritania, Morocco, Tunisia and Yemen) over the period of 1990-2012 by using an "ARDL approach ". Our empirical results show that the financial development favors the poor. The ratio to domestic credit to the private sector as % of GDP is significant and positive for Algeria, Iran, Jordan, and Tunisia. This country represents a sample of the upper-middle-income economies. While the ratio to liquid liabilities (M3) as % of GDP is significant and positive for our entire sample. This result suggests that access to credit for the poor remains a challenge.
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