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Determinants Offinancial Development In Syria, Lebanon And Jordan For The Period 1995-2014

محددات التطور المالي في سورية, لبنان و الأردن للفترة ما بين 1995 و 2014

2042   1   26   0.0 ( 0 )
 Publication date 2018
  fields Financial
and research's language is العربية
 Created by Shamra Editor




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Economic literature has shown the important and prominent role of financial development in economic development and growth, through the effective pooling and allocation of national savings towards investments in support of economic development. Hence, it is highly important to look for the real determinants of financial development. This study investigates the determinants of the financial development of Syria, Lebanon and Jordan for the period between 1995 and 2014, by applying the method of Ordinary Least Squares (OLS), to a set of determinants adopted in previous studies. The study found a statistically significant effect of only three of the nine determinants tested on the level of private credit by depository institutions (financial sector activity). It also concludes a statistically significant effect of only five determinants on the level of Liquid Liabilities (financial sector size). The determinants are: inflation, bank concentration, rule of law, control of corruption, contract enforcement and improving supervision of banks. Reforms that contribute in reducing corruption, enforcing contracts, improving the rule of law, improving supervision on banks, reducing the level of inflation and the level of bank concentration, are the most important factors that we need to focus on in the long run, to achieve financial development (size and activity).This in turn contributes to real economic development in Syria, Lebanon and Jordan.


Artificial intelligence review:
Research summary
تستعرض هذه الدراسة التي أعدها الدكتور شادي العظمة محددات التطور المالي في سوريا ولبنان والأردن خلال الفترة من 1995 إلى 2014. تم تطبيق نموذج المربعات الصغرى (OLS) على مجموعة من المحددات التي تم اعتمادها في الدراسات السابقة. توصلت الدراسة إلى وجود أثر ذو دلالة إحصائية لثلاثة من أصل تسعة محددات على مستوى القروض الخاصة المقدمة من قبل المؤسسات المالية، وخمسة محددات على مستوى الخصوم السائلة. تشمل هذه المحددات: التضخم، مستوى التمركز، سلطة القانون، محاربة الفساد، دعم القرار، والإشراف على المصارف. توصي الدراسة بضرورة التركيز على مكافحة الفساد، تحسين الإشراف على المصارف، تعزيز سلطة القانون، تخفيض معدلات التضخم ومستوى التمركز المصرفي لتحقيق التطور المالي الذي يساهم في التنمية الاقتصادية في الدول المدروسة.
Critical review
دراسة نقدية: تعتبر هذه الدراسة مهمة لفهم محددات التطور المالي في سوريا ولبنان والأردن، إلا أن هناك بعض النقاط التي يمكن تحسينها. أولاً، كان من الممكن تقديم تحليل أعمق للبيانات واستخدام نماذج إحصائية أكثر تعقيدًا لتحليل التأثيرات المتبادلة بين المتغيرات. ثانياً، لم تأخذ الدراسة في الاعتبار تأثير الأحداث السياسية والاقتصادية الكبرى التي حدثت خلال الفترة المدروسة، مثل الأزمة المالية العالمية والحرب في سوريا، والتي قد تكون لها تأثيرات كبيرة على النتائج. وأخيراً، كان من الممكن تقديم توصيات أكثر تفصيلاً وقابلة للتنفيذ لصناع القرار في الدول المدروسة.
Questions related to the research
  1. ما هي الفترة الزمنية التي تغطيها الدراسة؟

    تغطي الدراسة الفترة من 1995 إلى 2014.

  2. ما هي المنهجية التي استخدمتها الدراسة لتحليل البيانات؟

    استخدمت الدراسة نموذج المربعات الصغرى (OLS) لتحليل البيانات.

  3. ما هي المحددات التي وجدت الدراسة أنها تؤثر على مستوى القروض الخاصة المقدمة من قبل المؤسسات المالية؟

    وجدت الدراسة أن محاربة الفساد، دعم القرار، والإشراف على المصارف هي المحددات التي تؤثر على مستوى القروض الخاصة.

  4. ما هي التوصيات الرئيسية التي قدمتها الدراسة لتحقيق التطور المالي في الدول المدروسة؟

    توصي الدراسة بضرورة مكافحة الفساد، تحسين الإشراف على المصارف، تعزيز سلطة القانون، تخفيض معدلات التضخم ومستوى التمركز المصرفي لتحقيق التطور المالي.


References used
Acaravci, S. K., Ozturk, I. and Acaravci, A. Financial development and economic growth: literature survey and empirical evidence From sub-saharan african countries.South African Journal of Economic and Management Sciences, Vol. 12, No. 1, 2009, 1–17
Barth, J. R., Caprio, G. and Levine, R. Bank regulation and supervision: What works best? Journal of Financial Intermediation, Vol. 13, No. 2, 2004, 205–248
Beck, T. and Levine, R. Stock markets , banks , and growth : Panel evidence.Journal of Banking & Finance, Vol. 28, No. 3, 2004, 423–442
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