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Hakimi Abdelaziz and Hamdi Helmi
''Financial development and human development: A non-linear analysis for Oil-exporting and Oil-importing countries in MENA region''
( 2019, Vol. 39 No.4 )
The purpose of this study is to define the optimal threshold of financial development that might affects human development in a panel of 13 MENA countries that are divided into two sub-samples: oil-exporting and oil-importing countries. Results of the panel smooth transition regression (PSTR) model show that the threshold of financial development is 0.389 in oil-exporting 0.588 for oil-importing countries. Hence, below these thresholds, financial development acts negatively and significantly on human development and above them its effect become positive.
Keywords: Financial development; human development; MENA region; PSTR model
JEL: D6 - Welfare Economics: General
I3 - Welfare and Poverty: General
Manuscript Received : Dec 06 2018 Manuscript Accepted : Nov 03 2019

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