Several studies have examined the relationship between environmental degradation and economic growth. However, most of them did not take into account financial developments and institutional quality. Moreover, Stern (2004) noted that there are important econometric weaknesses in the earlier...

Remittances are an important source of external financing for a country like Morocco. We show in this paper the properties of these financial flows. Indeed, we show that remittances are more stable than foreign direct investment. They are pro-cyclical in some periods and countercyclical in...

Many empirical works addressed the nature of the relationship between economic growth and financial developments. Although these studies concede that they are interdependent, they have used single equations methods for estimation. In particular in the country specific studies the Granger...