CREDIT CYCLES IN COUNTRIES IN THE MENA REGION — DO THEY EXIST? DO THEY MATTER?

IF 1 Q3 ECONOMICS

Global Economy Journal Pub Date : 2020-03-01 DOI:10.1142/s2194565920500013

L. Aghabarari, A. Rostom

引用次数: 0

Abstract

This paper estimates the private sector credit cycles for most of the oil-importing and oil-exporting countries in the Middle East and North Africa. Credit cycles are the medium-term component in spectral analysis of real private sector credit growth. Besides, the paper estimates the credit cycles for several developed countries. The analysis finds substantial differences and rare similarities between credit cycles in the Middle East and North Africa and advanced countries. During 1964–2017, credit cycles in the Middle East and North Africa do not appear to be associated with GDP growth. They only explained a fraction of the growth in private sector credit, and they do not seem to be synchronized across oil-exporters and oil-importers.

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中东和北非地区国家的信贷周期——它们存在吗?它们重要吗?

本文估计了中东和北非大多数石油进口国和出口国的私营部门信贷周期。信贷周期是实际私人部门信贷增长频谱分析中的中期组成部分。此外，本文还对几个发达国家的信贷周期进行了估计。分析发现，中东和北非的信贷周期与发达国家存在巨大差异和罕见的相似之处。1964年至2017年期间，中东和北非的信贷周期似乎与GDP增长无关。它们只解释了私人部门信贷增长的一小部分，而且它们在石油出口国和石油进口国之间似乎并不同步。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Global Economy Journal ECONOMICS-

CiteScore

1.60

自引率

14.30%

发文量

期刊介绍： The GEJ seeks to publish original and innovative research, as well as novel analysis, relating to the global economy. While its main emphasis is economic, the GEJ is a multi-disciplinary journal. The GEJ''s contents mirror the diverse interests and approaches of scholars involved with the international dimensions of business, economics, finance, history, law, marketing, management, political science, and related areas. The GEJ also welcomes scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations. One over-arching theme that unites IT&FA members and gives focus to this journal is the complex globalization process, involving flows of goods and services, money, people, and information.