The finance–growth nexus in the Middle East and Africa: A comparative meta‐analysis
本研究整合96篇文献的1417个估计值，运用高级元分析技术比较金融发展与自由化对中东和非洲经济增长的影响，发现撒哈拉以南非洲的金融增长效应强于中东和北非。
Abstract By taking 1417 estimates from 96 studies and applying advanced meta‐analysis techniques, this study compares the effect size of financial development (FD) and liberalization on economic growth in the Middle East and Africa. We find that the overall finance–growth nexus is positive, yet its effect size differs across regions. Indeed, finance has a larger growth‐enhancing effect in the sub‐Saharan Africa (SSA) region than in the Middle East and North Africa region. This finding is supported by meta‐regression analysis that controls for various study conditions simultaneously. Moreover, we uncovered that the extracted estimates contain evidence of the true effect size of FD and liberalization on growth in the extant literature and SSA studies.