Bsoussi, Jimmy
(Notre Dame University-Louaize, 2018)
Purpose - The purpose of this study was to investigate empirically whether financial
development including Islamic loans leads to economic growth
Design/methodology/approach - This study covered 13 countries form the MENA
region during the period of 2001-2015. Multiple Fixed effect models were used on a
balanced panel to check the impact of financial development variables on the GDP
per capita.
Findings - Conventional loans and Islamic loans have significant positive
relationship with economic growth. While bank asset concentration, stock market
total traded value, stock market capitalization ...