The Impact of Some Indicators of financial and Commercial Openness on the Development of Financial Markets "Arab Countries as a Model"
2022, Volume 41, Issue 135, Pages 9-32
AbstractGiven the important role played by financial markets in supporting economic growth in a way that strengthens the economies of countries, supports employment and productivity, and raises the level of average income, The study came to analyze and explain the impact mechanisms through which the policies of financial and commercial openness can play their role in developing financial markets and improving their performance, Which framed her theoretical propositions and empirical studies that interested her. As well as building several quantitative models that can diagnose and clarify the nature and impact of these policies on the development of financial markets in a group of Arab countries. (Egypt, Jordan, Tunisia, Saudi Arabia, UAE, Qatar, and Oman) And for the period 2004-2019, which was based on balanced panel data, whose views amounted to 112 views, By adopting standard approaches that are compatible with those data represented by the aggregate regression model (PRM), the fixed effect model (FEM) and the random effect model (REM). The study found a significant effect on the policies of financial and trade openness in the development of financial markets in the sample countries, With some variations like the effect Suited between the positive and negative and sometimes neutral
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