Description |
1 online resource (26 pages) |
Series |
IMF working paper ; WP/13/246 |
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IMF working paper ; WP/13/246.
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Contents |
Cover; Abstract; Contents; I. Introduction; II. Methodology; III. MENA Conditions, Data Sample, and Descriptive Statistics; A. Overview of Key MENA Macroeconomic and Financial Conditions; B. Data Sample; C. Descriptive Statistics; Tables; 1. Summary statistics by country, 2007-2010; 2. Summary statistics by sector, 2007-2010; 3. Summary statistics by region, 2007-2010; 4. Domestic credit provided by banking sector (% of GDP), by country; IV. Estimation results; A. Credit Constraints in MENA; 5. Credit constraints models; 6. Descriptive statistics, ratio of total debt to credit limits (in %) |
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B. Capital Accumulation7. Capital accumulation models; V. Robustness Checks; VI. Conclusions; Appendixes; Appendix; References; References |
Summary |
"We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore's (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA), empirical findings point to a large and significant effect of credit conditions on capital accumulation and suggest that continued political unrest worsens credit constraints. The results support the view that financial development measured by a relaxing of financial constraints is key to macroeconomic development"--Abstract |
Notes |
At head of title: IMF-Middle East Center for Economics and Finance |
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"September 2013." |
Bibliography |
Includes bibliographical references |
Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed January 9, 2013) |
Subject |
Credit -- Middle East -- Econometric models
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Credit -- Africa, North -- Econometric models
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Saving and investment -- Middle East -- Econometric models
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Saving and investment -- Africa, North -- Econometric models
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Credit -- Econometric models
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Saving and investment -- Econometric models
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North Africa
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Middle East
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Form |
Electronic book
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Author |
Turk Ariss, Rima, author.
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International Monetary Fund. Middle East Center for Economics and Finance, issuing body.
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ISBN |
9781484303573 |
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1484303571 |
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