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THE GROWTH EFFECTS OF FINANCIAL LIBERALISATION PROGRAMME IN EGYPT: DEVELOPMENTS AND DRAWBACKS

المصدر: المجلة العلمية للبحوث والدراسات التجارية
الناشر: جامعة حلوان - كلية التجارة وإدارة الاعمال
المؤلف الرئيسي: Ebrahim, Ayman M. (AUTH.)
المجلد/العدد: ع1
محكمة: نعم
الدولة: مصر
التاريخ الميلادي: 2006
الصفحات: 1 - 32
رقم MD: 661663
نوع المحتوى: بحوث ومقالات
قواعد المعلومات: EcoLink
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المستخلص: The paper begins with a review of theory and recent empirical evidence relating to financial liberalisation and economic development. Among the countries that underwent financial liberalisation programmes in the 1990s, Egypt appears to have performed well. Although the internal and external shock to the economy and the associated drawbacks in the financial liberalisation programme, over the past decade, which brought the experience of financial liberalisation, the Egyptian economic performance improved. Its aggregate growth rate was positive and macroeconomic variables moved in a favourable direction in accordance with the predictions of the financial liberalisation paradigm. The econometric test specification follows the nonlinear least-squares estimations methodology to test the co-movement of the underlying variables.

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