Ouverture financière et rattrapage technologique : Evidence empirique à partir du bassin méditerranéen

Nabi, Mahmoud Sami and Ben Aissa, Safouane and Drine, Imed (2008): Ouverture financière et rattrapage technologique : Evidence empirique à partir du bassin méditerranéen.

Abstract

This study analyses the effects of financial openness on productive efficiency and technology catch-up in four countries in the Mediterranean Basin (Algeria, Egypt, Morocco and Tunisia) as compared to the situation about the same in a group of developed countries (France, Germany, Japan, and the UK)over the period 1985-2005. Using the stochastic production frontier method with variable inefficiency (Battese and Coelli, 1995) and the metafrontier technique(Battese et al. 2004), we show, with the exception of Tunisia, that the productive efficiency of the first group of countries has continuously declined. We also identify an ever-widening technology gap for the first-group countries relatively to the second-group countries caused by among other things, a slowdown their financial openness from the second half of the 1990s.

• Item Type: MPRA Paper
• English Title: Financial Openness and Technological Catch-up: Empirical Evidence from the Mediterranean Basin
• Language: French
• Keywords: financial openness, productive efficiency, technology catch-up
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General; F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration

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