摘要：The objective of this paper is to examine the relationship between financial development andpoverty reduction in 8 MENA countries (Algeria, Egypt, Iran, Jordan, Mauritania, Morocco, Tunisiaand Yemen) over the period of 1990-2012 by using an “ARDL approach”. Our empirical results showthat the financial development favors the poor. The ratio to domestic credit to the private sector as %of GDP is significant and positive for Algeria, Iran, Jordan, and Tunisia. This country represents asample of the upper-middle-income economies. While the ratio to liquid liabilities (M3) as % of GDPis significant and positive for our entire sample. This result suggests that access to credit for the poorremains a challenge.
