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Regional Integration Effects On Investment And Growth In Algeria, Nacira Boukhezer

Topics in Middle Eastern and North African Economies

The positive effect of financial development on growth has led several authors to advocate the liberalization of the financial sector from the constraints caused by repressive policies disturbing its operation. This policy will theoretically promote financial deepening, which will positively impact growth through increased savings and its allocation to more profitable sectors. The new requirements of the global economy have made economic and financial systems more integrated and liberalized, encouraged by the formation of regional groupings. The partnership between Algeria and the European Union (EU) could be a way of convergence and development for the banking system which has long …