References
- Abdelhafidh, S. (2013). Potential financing sources of investment and economic growth in North African countries: A causality analysis. Journal of Policy Modeling, 35, 150–20. doi:10.1016/j.jpolmod.2012.01.001
- Abu-Bader, S., & Abu-Qarn, A. M. (2008). Financial development and economic growth: Empirical evidence from MENA countries. Review of Development Economics, 12, 803–817.
- Agenor, P. R. (2000). The economics of adjustment and growth. San Diego: Academic Press.
- Aghion, P., & Howitt, P. (1998). Endogenous growth theory. Cambridge: MIT Press.
- Arestis, P., & Demetriades, P. (1997). Financial development and economic growth: Assessing the evidence. The Economic Journal, 107, 783–798. doi:10.1111/j.1468-0297.1997.tb00043.x
- Aubin, C. (1994). Croissance endogène et coopération internationale. Revue d’économie politique, 104(1), 97–117.
- Balassa, B. (1985). Exports, policy choices, and economic growth in developing countries after 1973 oil shock. Journal of Development Economics, 18(2), 23–35. doi:10.1016/0304-3878(85)90004-5
- Baldacci, E., Clements, B., Gupta, S., & Cui, Q. (2008). Social spending, human capital, and growth in developing countries. World Development, 36(8), 1317–1341. doi:10.1016/j.worlddev.2007.08.003
- Barro, R. J. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(5), S103–S125. doi:10.1086/261726
- Barro, R. J. (1991). Economic growth in a cross section of countries. The Quarterly Journal of Economics, 106(2), 407–444. doi:10.2307/2937943
- Barro, R. J., & Sala-i-Martin. (2004). Economic Growth (2nd ed.). Ney York: McGraw-Hill.
- Beck, T., Demirgus-Kuntand, A., & Levine, R. (2009). Financial institutions and markets across countries and over time –Data and analysis. Policy Research Working Paper Series, The World Bank.
- Beck, T., Levine, R., & Loayza, N., 1999.Finance and the source of growth. Policy Research Working Papers, The World Bank. 63 101–124
- Ben-David, D. (1996). Trade and Convergence among countries. The Journal of International Economics, 40, 279–298. doi:10.1016/0022-1996(95)01405-5
- Benhabib, J., & Spiegel, M. M. (1994). The role of human capital in economic development: Evidence from aggregate cross-country data. Journal of Monetary Economics, 34, 143–173. doi:10.1016/0304-3932(94)90047-7
- Benos, N., & Karagiannis, S. (2010). The role of human capital in economic growth: Evidence from Greek region. In N. Salvadori (Ed.), Institutional and social dynamics of growth and distribution (pp. 137–168). Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Berthélemy, J. C., & Varoudakis, A. (1998). Développement financier, réformes financières et croissance: Une approche en données de panel. Revue Economique, 1, 195–206.
- Bhattacharyya, S. (2009). Unbundled institutions, human capital and growth. Journal of Comparative Economics, 37(1), 106–120. doi:10.1016/j.jce.2008.08.001
- Bittencourt, M. (2012). Financial development and economic growth in Latin America: Is schumpeter right. Journal of Policy Modeling, 34, 341–355. doi:10.1016/j.jpolmod.2012.01.012
- Blackburn, K., & Hung, V. T. Y. (1993). Theory of growth, financial development and trade. Discussion Papers in Economic and Econometrics, 9303, University of Southampton.
- Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(2), 115–135. doi:10.1016/S0022-1996(97)00033-0
- D’Autume, M. (1994). Education et croissance. Revue d’Economie Politique, 104(4), 457–499.
- De Gregorio, J., & Guidotti, P. (1995). Financial development and economic growth. World Development, 23, 433–448. doi:10.1016/0305-750X(94)00132-I
- De La Fuente, A., & Marin, J. M. (1995). Innovation, bank monitoring and endogenous financial development. Discussion Paper 1276.
- Demirgüc-kunt, A., & Levine, R. (1996). Stock market, development and financial intermarries: Stylized fact. World Bank Economic Review, 10(2), 291–321. doi:10.1093/wber/10.2.291
- Dollar, D. (1992). Outward oriented developing economies really do grow more rapidly: Evidence from 95 LDCs, 1976-1985. Economic Development and Cultural Change, 41, 523–544. doi:10.1086/451959
- Edwards, S. (1993). Openness, trade liberalization, and growth in developing countries. Journal of Economic Literature, 31, 1358–1393.
- Femise. (2002). The euro-mediterranean partnership. Report available on the Femise website: Euro-Mediterranean Forum of Economic Institutes.
- Frankel, J. A., & Romer, P. M. (1999). Does trade cause growth? American Economic Review, 89(3), 379–399. doi:10.1257/aer.89.3.379
- Glomme, G., & Ravikumar, B. (1997). Productive government expenditures and long-run growth. Journal of Economics Dynamics and Control, 21, 183–204. doi:10.1016/0165-1889(95)00929-9
- Gould, D. M., & Ruffin, R. J. (1995). Human capital, trade and economic growth. Weltwirtschaftliches Archiv, 13(1), 425–445. doi:10.1007/BF02707911
- Greenaway, D., Morgan, W., & Wright, P. (2002). Trade liberalisation and growth in developing countries. Journal of Development Economics, 67, 229–244. doi:10.1016/S0304-3878(01)00185-7
- Greenwood, J., & Jouanovic, B. (1990). Financial development, growth and the distribution of income. Journal of Political Economy, 18(5), 1076–1107. doi:10.1086/261720
- Grossman, G. M., & Helpman, E. (1994). Endogenous innovation in the theory of growth. The Journal of Economic Persrectives, 8(1), 23–44. doi:10.1257/jep.8.1.23
- Harrisson, A. (1996). Openness and growth, a times-series, cross-country analysis for developing countries. Journal of Development Economic, 48(2), 419–447. doi:10.1016/0304-3878(95)00042-9
- Hausman, J. A. (1978). Specification tests in econometrics. Econometrica, 46, 1251–1271. doi:10.2307/1913827
- Helpman., C. (1995). International R&D spillovers. European Economic Review, 39, 859–887. doi:10.1016/0014-2921(94)00100-E
- Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115, 53–74. doi:10.1016/S0304-4076(03)00092-7
- Islam, N. (1995). Growth empirics: A panel data approach. The Quaterly Journal of Economics, 110, 1127–1170. doi:10.2307/2946651
- Kim, D. H., Lin, A. C., & Suen, Y. B. (2010). Are financial development and trade openness complements or substitutes? Southern Economic Association, 76(3), 827–845. doi:10.4284/sej.2010.76.3.827
- King, R., & Levine, R. (1993a). Finance and growth: schumpeter might be right. The Quarterly Journal of Economics, 434, 717–737. doi:10.2307/2118406
- King, R., & Levine, R. (1993b). Finance, entrepreneurship, and growth: Theory and evidence. Journal of Monetary Economics, 32(3), 513–542. doi:10.1016/0304-3932(93)90028-E
- Lartey, E. (2010). A note on the effect of financial development on economic growth. Applied Economic Letters, 17, 685–687. doi:10.1080/13504850802297897
- Le Pen, Y. (1997). Convergence internationale des revenues par tête: Un tour d’horizon. Revue économiePolitique, 107(10), 715–756.
- Le, T., & Tran-Nam, H. B. (2018). Trade Liberalization, Financial Modernization and Economic Development: An Empirical Study of Selected Asia-Pacific Countries. Research in Economics, 72(2), 343–355.
- Lee, K., & Kim, B. Y. (2009). Both institutions and policies matter but differently for different income groups of countries: Determinants of long-run economic growth revisited. World Development, 37(3), 533–549. doi:10.1016/j.worlddev.2008.07.004
- Levine, R., Loayza, N., & Beck, T. (2000). Financial intermediation and growth: Causality and causes. Journal of Monetary Economics, 46(1), 31–77. doi:10.1016/S0304-3932(00)00017-9
- Levine, R., & Zervos, S. (1998). Stock markets, banks and economic growth. The American Economic Review, 88(3), 537–558.
- Lhéritier, M. (2001). Les enjeux du partenariat euro-Mediterranean: Entre constraints et opportunités. In G. Benhayoun, R. Bar-El, E. Menipaz, & M. Lhéritier (Eds.), La coopération régionale dans le bassin méditerranéen (Vol. 2, pp. 15–30).
- Loayza, N., & Rancière, R. (2006). Financial development, financial fragility, and growth. Journal of Money Credit and Banking, 38, 1051–1076. doi:10.1353/mcb.2006.0060
- Lucas, R. (1988). On the mechanisms of economic development. Journal of Monetary Economics, 22(1), 3–42. doi:10.1016/0304-3932(88)90168-7
- Luintel, K. B., Khan, M., Arestis, P., & Theodoridis. (2008). Financial structure and economic growth. Journal of Development Economics, 86, 181–200.
- Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economic, 107(2). doi:10.2307/2118477
- Markusen, J., & Venables, A. (1999). Foreign direct investment as a catalyst for industrial development. European Economic Review, 43, 335–356. doi:10.1016/S0014-2921(98)00048-8
- Nelson, R. R., & Phelps, E. S. (1966). Investment in humans, technological diffusion, and economic growth. The American Economic Review, 56(1/2), 69–75.
- Pagano, M. (1993). Financial markets and growth: An overview. European Economic Review, 37, 613–622. doi:10.1016/0014-2921(93)90051-B
- Pesaran, M. H., Shin, Y., & Smith, R. P. (1997). Estimating long-run relationships in dynamic heterogeneous panels. DAE Working Papers Amalgamated Series 9721.
- Pesaran, M. H., Shin, Y., & Smith, R. P. (1999). Pooled mean group estimation of dynamic heterogeneous panels. Journal of the American Statistical Association, 94, 621–634. doi:10.1080/01621459.1999.10474156
- Pesaran, M. H., Shin, Y., & Smith, R. P. (2004). Pooled mean group estimation of dynamic heterogeneous panels. ESE Discussion Papers, 16.
- Pesaran, M. H., & Smith, R. P. (1995). Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics, 68, 79–113. doi:10.1016/0304-4076(94)01644-F
- Pissarides, C. A. (1997). Learning by trading and the returns to human capital in developing countries. The World Bank Economic Review, 11(1), 17–32. doi:10.1093/wber/11.1.17
- Rodrik, D. (1998). Why do more open economies have bigger governments? Journal of Political Economy, 106(5), 997–1031. doi:10.1086/250038
- Rodrik, D. (2001). L’intégration dans l’économie mondiale peut-elle se substituer à une stratégie de développement? Revue d’économie du développement, 1-2, 233–243. doi:10.3406/recod.2001.1059
- Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002–1037. doi:10.1086/261420
- Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(2), 337–367. doi:10.1086/261725
- Roubini, N., & Sala-i-Martin, X. (1992). A growth model of inflation, tax evasion and financial repression. Working Paper, n° 4062, National Bureau of Economic Research
- Sachs, J. D., & Warner, A. M. (1997). Fundamental sources of long-run growth. American Economic Review, 86, 184–188. Papers and proceedings
- Sala-i-Martin, X. (1990). Lecture notes on economic growth: Five prototype models of endogenous growth. NBER working papers series, p. 49 doi:10.1099/00221287-136-2-327
- Schubert, K. (1996). Macroéconomie: Comportement et croissance (1st ed.). France: Vuibert.
- Shahbaz, M., & Rahman, M. M. (2012). The dynamic of financial development, imports, foreign direct investment and economic growth: Cointegration and causality analysis in Pakistan. Global Business Review, 13(2), 201–219. doi:10.1177/097215091201300202
- Solow, R. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70, 65–94. doi:10.2307/1884513
- Suri, T., Boozer, M. A., Ranis, G., & Stewart, F. (2011). Paths to success: The relationship between human development and economic growth. World Development, 39(4), 506–522. doi:10.1016/j.worlddev.2010.08.020
- Tsai, C. L., Hung, M. C., & Harriott, K. (2010). Human capital composition and economic growth. Social Indicators Research, 99(1), 41–59. doi:10.1007/s11205-009-9565-z
- Wan, A. (2004). Growth and convergence in WAEMU countries. IMF Working Paper. doi:10.5089/9781451860092.001