Financial Liberalization Index of Tunisia: Factorial Method Approach

Bouzid AMAIRA; Radhia AMAIRIA

doi:doi:10.11648/j.ijefm.20140203.11

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Financial Liberalization Index of Tunisia: Factorial Method Approach

Bouzid AMAIRA, Radhia AMAIRIA

Published in International Journal of Economics, Finance and Management Sciences (Volume 2, Issue 3)

Received: 14 April 2014 Accepted: 22 April 2014 Published: 20 May 2014

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Abstract

The objective of this paper is to construct an index of financial liberalization for Tunisia using the Principal Component Analysis method over a period of 33 years from 1980 to 2012. The index indicates the degree of financial liberalization at any given time. This index is especially useful to control the pace of liberalization and evaluation of the effect of this policy on economic aggregates. This paper also includes partial measures of liberalization index. The constructed index shows that the process of financial liberalization in Tunisia is accelerated with the introduction of the structural adjustment program, during the period 1987 to 1994.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 2, Issue 3)
DOI	10.11648/j.ijefm.20140203.11
Page(s)	206-211
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

Financial Liberalization Index, Principal Component Analysis, Tunisia

References

[1]	Amaira B. (2003) : «Libéralisation financière et croissance économique : Approche en données de panel », Communication lors de la 20ièmes Journées Internationales d’Economies Monétaire et Financière, BIRMINGHAM, 5 et 6 juin 2003, 20p.
[2]	Bandiera O., Capio G., Honohan P. & Schiantarelli F. (2000): «Does Financial Reform Raise or Reduce Savings? », Review of Economics and Statistics 82(2), pp. 239-263.
[3]	Demirguc-Kunt A. et Detragiache E. (1998): «Financial Liberalization and financial fragility », IMF Working paper series / WPS 1917, 48p.
[4]	Demetriades P. & Luintel K. (1997): «The direct cost of financial repression: evidence from India», The Review of Economics and Statistics, vol. LXXIX, n° 2, pp. 311-320.
[5]	Fischer B. et Reisen H. (1992): «Vers la liberté des mouvements de capitaux», OCDE, 28p.
[6]	Fry ML. (1997): « In Favor of Financial Liberalization », Economic Journal, N°107, pp. 754-770.
[7]	Laeven L., (2000): «Financial liberalization and financing constraints: evidence from panel data on emerging economics», The World Bank Working Paper n° 2467, 50p.
[8]	Laurenceson J. and Joseph C.H. Chai (2003): «Financial Reform and Economic Development in China », Cheltenham, UK, Edward.
[9]	Mc Kinnon RI. (1973): « Money and capital in economic development », The Brookings Institution, Washington.
[10]	Shaw E.S. (1973): «Financial Deepening in Economic Development», Oxford University Press, New York.

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APA Style

Bouzid AMAIRA, Radhia AMAIRIA. (2014). Financial Liberalization Index of Tunisia: Factorial Method Approach. International Journal of Economics, Finance and Management Sciences, 2(3), 206-211. https://doi.org/10.11648/j.ijefm.20140203.11

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ACS Style

Bouzid AMAIRA; Radhia AMAIRIA. Financial Liberalization Index of Tunisia: Factorial Method Approach. Int. J. Econ. Finance Manag. Sci. 2014, 2(3), 206-211. doi: 10.11648/j.ijefm.20140203.11

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AMA Style

Bouzid AMAIRA, Radhia AMAIRIA. Financial Liberalization Index of Tunisia: Factorial Method Approach. Int J Econ Finance Manag Sci. 2014;2(3):206-211. doi: 10.11648/j.ijefm.20140203.11

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@article{10.11648/j.ijefm.20140203.11,
  author = {Bouzid AMAIRA and Radhia AMAIRIA},
  title = {Financial Liberalization Index of Tunisia: Factorial Method Approach},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {2},
  number = {3},
  pages = {206-211},
  doi = {10.11648/j.ijefm.20140203.11},
  url = {https://doi.org/10.11648/j.ijefm.20140203.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20140203.11},
  abstract = {The objective of this paper is to construct an index of financial liberalization for Tunisia using the Principal Component Analysis method over a period of 33 years from 1980 to 2012. The index indicates the degree of financial liberalization at any given time. This index is especially useful to control the pace of liberalization and evaluation of the effect of this policy on economic aggregates. This paper also includes partial measures of liberalization index. The constructed index shows that the process of financial liberalization in Tunisia is accelerated with the introduction of the structural adjustment program, during the period 1987 to 1994.},
 year = {2014}
}

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TY  - JOUR
T1  - Financial Liberalization Index of Tunisia: Factorial Method Approach
AU  - Bouzid AMAIRA
AU  - Radhia AMAIRIA
Y1  - 2014/05/20
PY  - 2014
N1  - https://doi.org/10.11648/j.ijefm.20140203.11
DO  - 10.11648/j.ijefm.20140203.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 206
EP  - 211
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20140203.11
AB  - The objective of this paper is to construct an index of financial liberalization for Tunisia using the Principal Component Analysis method over a period of 33 years from 1980 to 2012. The index indicates the degree of financial liberalization at any given time. This index is especially useful to control the pace of liberalization and evaluation of the effect of this policy on economic aggregates. This paper also includes partial measures of liberalization index. The constructed index shows that the process of financial liberalization in Tunisia is accelerated with the introduction of the structural adjustment program, during the period 1987 to 1994.
VL  - 2
IS  - 3
ER  -

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Author Information

Bouzid AMAIRA

Faculty of Economics and Management of Tunis, University of Tunis El Manar, research laboratory "PS2D"
Radhia AMAIRIA

Faculty of Economics and Management of Sousse, University of Sousse

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APA Style

Bouzid AMAIRA, Radhia AMAIRIA. (2014). Financial Liberalization Index of Tunisia: Factorial Method Approach. International Journal of Economics, Finance and Management Sciences, 2(3), 206-211. https://doi.org/10.11648/j.ijefm.20140203.11

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ACS Style

Bouzid AMAIRA; Radhia AMAIRIA. Financial Liberalization Index of Tunisia: Factorial Method Approach. Int. J. Econ. Finance Manag. Sci. 2014, 2(3), 206-211. doi: 10.11648/j.ijefm.20140203.11

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AMA Style

Bouzid AMAIRA, Radhia AMAIRIA. Financial Liberalization Index of Tunisia: Factorial Method Approach. Int J Econ Finance Manag Sci. 2014;2(3):206-211. doi: 10.11648/j.ijefm.20140203.11

Copy | Download

@article{10.11648/j.ijefm.20140203.11,
  author = {Bouzid AMAIRA and Radhia AMAIRIA},
  title = {Financial Liberalization Index of Tunisia: Factorial Method Approach},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {2},
  number = {3},
  pages = {206-211},
  doi = {10.11648/j.ijefm.20140203.11},
  url = {https://doi.org/10.11648/j.ijefm.20140203.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20140203.11},
  abstract = {The objective of this paper is to construct an index of financial liberalization for Tunisia using the Principal Component Analysis method over a period of 33 years from 1980 to 2012. The index indicates the degree of financial liberalization at any given time. This index is especially useful to control the pace of liberalization and evaluation of the effect of this policy on economic aggregates. This paper also includes partial measures of liberalization index. The constructed index shows that the process of financial liberalization in Tunisia is accelerated with the introduction of the structural adjustment program, during the period 1987 to 1994.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Financial Liberalization Index of Tunisia: Factorial Method Approach
AU  - Bouzid AMAIRA
AU  - Radhia AMAIRIA
Y1  - 2014/05/20
PY  - 2014
N1  - https://doi.org/10.11648/j.ijefm.20140203.11
DO  - 10.11648/j.ijefm.20140203.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 206
EP  - 211
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20140203.11
AB  - The objective of this paper is to construct an index of financial liberalization for Tunisia using the Principal Component Analysis method over a period of 33 years from 1980 to 2012. The index indicates the degree of financial liberalization at any given time. This index is especially useful to control the pace of liberalization and evaluation of the effect of this policy on economic aggregates. This paper also includes partial measures of liberalization index. The constructed index shows that the process of financial liberalization in Tunisia is accelerated with the introduction of the structural adjustment program, during the period 1987 to 1994.
VL  - 2
IS  - 3
ER  -

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