Topics in Middle Eastern and North African Economies
Document Type
Article
Publication Date
5-1-2020
Abstract
This paper estimates 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. Between 19642017, credit cycles in the Middle East and North Africa do not appear to be associated with GDP growth. They only explain a fraction of the growth in private sector credit, and they do not seem to be synchronized across oil exporters and oil importers.
Journal Title
Topics in Middle Eastern and North African Economies
ISSN
2334-282X
Publisher
Middle East Economic Association and Loyola University Chicago
Volume
22
Issue
1
Recommended Citation
Aghabarari, Leila and Rostom, Ahmed, "Are Credit Cycles Different in the MENA Countries Compared to Advanced Countries?". Topics in Middle Eastern and North African Economies, electronic journal, 22, 1, Middle East Economic Association and Loyola University Chicago, 2020, http://www.luc.edu/orgs/meea/
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Copyright Statement
© The Author(s), 2020
Comments
Presentation of the articles in the Topics in Middle Eastern and North African Economies was made possible by a limited license granted to Loyola University Chicago and Middle East Economics Association from the authors who have retained all copyrights in the articles.