Roa Iktissadia Review مجلة رؤى اقتصادية
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Item An Aggregate Import Demand Function For Sudan: A Cointegration Analysis(جامعة الوادي - University of Eloued, 2020-09-15) إبراهيم أحمد, عبدالله; الشريف محمد, شريف بشيرThis paper investigates the existence of an aggregate import demand function for Sudan, during the period 1978–2018. The paper employs an Autoregressive Distributed Lag (ARDL) and bounds testing approach to cointegration. It also estimates an error correction model to separate the short- and long-run elements of the import demand relationship. The findings of the unit root tests, specifically Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) tests, indicate that all series were integrated of order one. It suggests that there exists a long-run relationship between aggregate imports and the main determinants, namely, real income, relative prices, foreign exchange reserves, and terms of trade. The error correction term suggests a fast speed of convergence to equilibrium. Stability tests demonstrate no evidence of serial correlation problem in the residuals. It finds that international reserves were the most important determinant of demand for aggregate imports. The results reveal that an improvement in foreign exchange reserves increases import demand. Thus, policies targeted at augmenting foreign exchange reserves will boost imports. Keywords: ARDL cointegration ; import demand function ; international trade Jel Classification Codes: C13 ; C51 ; F14 ; O24 تبحث هذه الورقة في وجود دالة الطلب على الواردات الكلية في السودان خلال الفترة 1978-2018م، وتستخدم الورقة نموذج الانحدار الذاتي للإبطاء الزمني الموزع (ARDL) ومنهجية اختبار الحدود للتكامل المشترك، ويقدم البحث تقديراً لنموذج تصحيح الخطأ من أجل الفصل بين العناصر قصيرة وطويلة الأجل في العلاقة بين الطلب على الواردات ومحدداته، وتشير نتائج اختبارات جذر الوحدة، وتحديداً اختبار ديكي فولر الموسع واختبار فيليب-بيرون إلى أنَّ جميع السلاسل متكاملة من الفرق الأول، كما تظهر النتائج وجود علاقة طويلة الأجل بين الواردات الكلية والمحددات الرئيسة التي تشمل: الدخل الحقيقي، والأسعار النسبية، واحتياطيات النقد الأجنبي، وشروط التبادل التجاري، ويشير نموذج تصحيح الخطأ إلى سرعة الوصول إلى الوضع التوازني، أما اختبارات الاستقرار فتؤكد عدم وجود مشكلة في الارتباط الذاتي التسلسلي في البواقي، وتظهر النتائج أن الاحتياطيات الأجنبية هي أهم محددات الطلب على الواردات الكلية، وتكشف نتائج البحث أنَّ التحسن في احتياطيات النقد الأجنبي يزيد من الطلب على الواردات السودانية. وبالتالي، فإنَّ السياسات الرامية إلى زيادة احتياطيات النقد الأجنبي ستعزز من الواردات.Item Algerian Energy Policy After 2020: Comparative Swot Analysis For Promoting Renewable Energy And Shale Gas: Priorities, Opportunities And Challenges(جامعة الوادي - University of Eloued, 2020-09-15) Ghandir, Hatem; Siagh, Ahmed RamziThe aim of this study is to examine the challenges and opportunities available in the field of new energies in Algeria, whether renewable energies or shale gas as an unconventional source of energy, these two energy fields are new in terms of investment and management in the country, which posed legislative, technological and financial challenges. On this basis, Algeria has approved a program for energy transition1 aimed at promoting the use of renewable energies, in order to avoid energy deficit. Therefore, according to the current “laissez-faire” scenario in terms of production and consumption, by 2030 the country may become unable to export, and then to an energy-importing country by 2040. Although the exploitation of shale gas in Algeria remains a matter governed by environmental, technical and financial challenges, but it represents an important bet for the country to enhance its energy and economic position. A SWOT analysis framework for a comparative analysis was applies to find out the various opportunities and challenges when exploiting renewable energy sources and shale gas, or when comparing these two sources in terms of economic and energy importance. The energy transition and exploiting different types of energy sources is no longer optional for Algeria, as the internal changes related to the decline in the national reserves of oil and gas and the increase in domestic demand. As well as external variables have pressed the Algerian decision-maker to respond to these changes. But it seems that what has been achieved so far in implementing renewable energy programs is very modest.Item The Algorithm Applications In The Sharing Economy: Building A Regression Model Of Airbnb Prices Using Python(جامعة الوادي - University of Eloued, 2021-06-06) Khelfaoui, Mounia; Sedkaoui, SorayaThe purpose of this study is to explore the relationship between algorithmic applications and the sharing economy. To explore this relationship we applied a linear regression algorithm using Python for ppredicting Airbnb listing price. The results of the study show that the prices of Airbnb apartments in Paris are heavily dependent on available equipment and location. Indeed, most of the variables that have led to price increases are related to equipment and location. We can apply other algorithms, such as “random forest”, decision tree, etc. To see if these characteristics (amenities/location) are the main factors for predicting the prices of Airbnb apartments in Paris. الغرض من هذه الدراسة هو استكشاف العلاقة بين التطبيقات الخوارزمية واقتصاد المشاركة. لاستكشاف هذه العلاقة، قمنا بتطبيق خوارزمية انحدار خطي باستخدام Python لتحديد سعر إدراج Airbnb. تظهر نتائج الدراسة أن أسعار شقق Airbnb في باريس تعتمد بشكل كبير على المعدات المتاحة والموقع. في الواقع، ترتبط معظم المتغيرات التي أدت إلى ارتفاع الأسعار بالمعدات والموقع. يمكننا تطبيق خوارزميات أخرى، مثل "غابة عشوائية"، وشجرة القرار، وما إلى ذلك لمعرفة ما إذا كانت هذه الخصائص (وسائل الراحة / الموقع) هي العوامل الرئيسية للتنبؤ بأسعار شقق Airbnb في باريس.Item Analyse De L Inflence De La Veille Stratégie Sur La Compétitivité Des Entreprises Algériennes Exportatrices Hors Hydrocarbures(جامعة الوادي - University of Eloued, 2020-09-15) Benabdeslam, Chafiaa; Boukrif, MoussaLes entreprises exportatrices hors hydrocarbures algériennes opèrent dans un environnement complexe et incertain. Dans ce contexte, la veille stratégique apparaît comme une pratique vitale pour les organisations. L’objectif de cet article est d’étudier le lien entre les pratiques de veille stratégique et la compétitivité à l’export. Pour cela, Nous avons effectué une étude qualitative auprès de 33 entreprises exportatrices hors hydrocarbures algériens. L’analyse des données est réalisée sous Smart PLS. Les résultats montrent que la fréquence des pratiques de surveillance et la qualité des informations influencent positivement la sensibilité des dirigeants à l’information est que cette dernière influence positivement la compétitivité à l’export. Par ailleurs, l’influence de l’étendue du champ de la veille stratégique sur la compétitivité des entreprises exportatrices hors hydrocarbures algériens s’avère positive mais faiblement significatif.Item Analyse De La Distribution Spatiale De La Mortalité Par Covid-19 En Algérie En 2020 : Une Approche D’estimation Par L’algorithme De Metroplis-langevin Ajusté(جامعة الوادي - University of Eloued, 2022-12-31) Asri, Ayoub; Iferroudjene, CyliaLes méthodes bayésiennes se sont considérablement développées au cours des deux dernières décennies, notamment dans le domaine de la santé publique. Les avancées des méthodes de Monte Carlo par chaines de Markov (MCMC) ont permis à la modélisation bayésienne d'être énormément utilisée par les chercheurs. L'un des derniers ajouts à la famille MCMC est l'algorithme de Metropolis-Langevin Ajusté (MALA). MALA a l'avantage d'incorporer des équations différentielles stochastiques dans l'algorithme Metropolis classique. L'ajout d'une équation de diffusion à l'algorithme MCMC a amélioré la précision de ces algorithmes. Cependant, cette méthode consomme encore énormément de temps jusqu'à la convergence. La combinaison de MALA avec des données spatiales surfaciques est maintenant l'un des outils puissants pour résoudre certains problèmes épidémiologiques. Dans cet article, nous passons en revue l'analyse des données spatiales surfaciques avec l'algorithme MALA et présentons une application sur l'occurrence du COVID-19 en Algérie au cours de l'année 2020.Item Analytical Study Of The Economic Role Of Al Salam Bank (a Comparative Study Between Al Salam Bank Of Sudan And Al Salam Bank Of Algeria)(جامعة الوادي - University of Eloued, 2020-08-30) Bouaita Abderrezzak . Zehouani Ridha . Bouafia Samir .The identity of the individual Muslim is based mainly on a combination of the performance of worship and organization in transactions through devotion to Allah Almighty in the say and work, and follow the Messenger peace be upon him; The study aims mainly to analyze the economic role played by Al Salam Bank ) In the State of Algeria (as a banking environment where there are no laws governing Islamic banking); and the State of Sudan (as a banking environment in which there are laws regulating Islamic banking); And draw the most important results. The main findings are that investment deposits represent the most important sources of financial resources available at Al Salam Bank of Sudan, which helps the Bank to contribute to the financing of economic and social development by financing activities and projects that serve development purposes better than the Algerian counterpart.Item Assessing The Management Of Municipal Solid Waste For Well-being Fulfillment In Algeria(جامعة الوادي University of Eloued, 2012-12-31) Bouanini, SamihaMunicipal solid waste is positively associated with economic development, population, urbanization and affluence. The Algerian municipal solid waste contains a high proportion of Organic, plastic, and paper/cardboard, as well as low ratios of glass and metal. All these types of wastes are recycled or treated by incineration, landfill or other methods. However, the best way is waste reduction from the source. Unfortunately, there is a poor culture with respect to the 3R Principles (reduce, reuse, recycle) in Algeria. Wherever, the collection and treatment of municipal solid waste is usually a municipal responsibility. In order to apply the principle of “polluter pays”, the Algerian government has created some laws and executive decrees towards more sustainable environmental management.Item (the Asymmetric Impact Of Economic Growth On Unemployment In Algeria- Testing The Okun's Law (empirical Study For The Period 1980-2018(جامعة الوادي - University of Eloued, 2020-09-15) Manna, Lamdjed; Rimi, Riadh; Touitou, MohammedThe objective of this paper is to test the asymmetric effect between the change in unemployment rates (as a dependent variable) and the real economic growth (as an independent variable) according to the okun's law of the Algerian economy in 1980-2018 basing nonlinear Autoregressive Distributed Lag (NARDL). empirical results confirmed the absence of the equilibrium relationship - the long-term relationship - which interprets the absence of okun's law The asymmetry test also shows symmetry in the long-term relationship, but empirical results shows that there is asymmetry in the short-term relationship. تهدف هذه الورقة البحثية إلى اختبار الأثر اللامتماثل بين التغير في معدلات البطالة والنمو الاقتصادي حسب قانون أوكون (okun) للاقتصاد الجزائري ضمن الفترة 1980-2018 بالاعتماد على منهجية الانحدار الذاتي ذو الابطاءات الموزعة زمنيا اللاخطي(NARDL)، بحيث أكدت النتائج التجريبية غياب العلاقة التوازنية – العلاقة طويلة الأجل- مما يترجم غياب قانون أوكون في المدى الطويل، كما أن اختبار عدم التماثل يوضح وجود تماثل(symmetric) في العلاقة طويلة الأجل لكن العلاقة قصيرة الأجل تظهر النتائج التجريبية عدم وجود تماثل (Asymmetric).Item Asymmetric Impact Of Oil Price And Exchange Rate On Inflation In Algeria: Evidence From Non-linear Ardl Approach(جامعة الوادي - University of Eloued, 2023-06-15) Hannachi, HayetIn this paper, we examine the asymmetric effects of both the world oil price and the exchange rate on inflation in Algeria using annual data from 1973 to 2021. In doing so, we employed the newly established Non-Linear AutoRegressive Distributed Lag (NARDL) model to divide oil price and exchange rate fluctuations into positive and negative variations. The empirical results show that fluctuations in oil prices have an asymmetric effect on Algerian inflation in both the short and long term. More importantly, we discover that positive oil price increases have an asymmetrically greater effect on inflation than negative oil price changes. Furthermore, a rise in the Algerian dinar's depreciation is significantly increasing Algeria’s inflation, whereas a decline in the exchange rate (the Algerian dinar's appreciation) fails to decrease inflation. Yet, the asymmetric impact of exchange rate fluctuations to inflation is only in the short runItem Bank Specific And Macroeconomic Determinants Of Islamic Banks’ Profitability(جامعة الوادي - University of Eloued, 2020-08-30) Yousfi, ImaneThe aim of this study is to examine the main factors that affect the financial performance of Islamic banks for a sample of 10 banks working in: Bahrain, Jordan, Kuwait, United Emirate and Saudi Arabia, over the period 2008-2018. The dependent variables under investigation are return on assets (ROA) and return on equity (ROE). The factors that influence bank profitability are distinguished into two groups: bank-specific (internal) factors and macroeconomic (external) factors. The fixed effects panel regression model was used in the analysis, the results of the stationarity test indicates that all the variables are stationary at the level, more over the study findings show that: First, The is no impact of the following variables: credit, liquidity risk, LIQ 1 and LIQ2, exchange rates and inflation on the financial performance of Islamic banks represented by the rate of return on equity (ROE) and the rate of return on assets (ROA). Second, The is an impact of liquidity represented by the ratio of total deposits to total loans (Liq3) and GDP and efficiency on the financial performance of Islamic banks represented by rates of return on equity (ROE) and rate of return on assets (ROA).Item CAPITAL HUMAIN ET CROISSANCE ECONOMIQUE Une approche en données de panel sur pays africains(جامعة الوادي University of Eloued, 2015-12-31) Rezine, okachaRésume : Cette recherche se focalise aux liens entre capital humain/éducation et croissance. On s’interroge, en particulier, sur les fondements théoriques de cette relation et sur la manière de la tester. Cette relation est testée sur un panel cylindré comprenant 31 pays africains et, sur la période 1965-2010. La première approche est consacrée a l’analyse des modèles de croissance endogène avec modèle de SOLOW (1956) avec la prise du capital humain /éducation. Les résultats empiriques affirme que la relation éducation croissance et démontré. Et confirme la contribution positive et significative de l’éducation sur la croissance économique. Abstract: This thesis aims to examine the link between human capital /education and economic growth. One wonders, in particular, on the theoretical foundations of this relationship and how to test it. This relationship is tested on a cylinder panel comprising 31 African countries over the period 1965-2010.The first approach is devoted to the analysis of endogenous growth models with model Solow (1956) with taking the proxy of human capital/education. The empirical evidence says that the relationship between education and growth positively enhanced by the quality of the educational system of the country. And confirms the positive and significant contribution of education on the economic growthItem The Causality Relationships Between Poverty And Human Development: Empirical Evidence From Tunisia For The Period Of 1990-2017(جامعة الوادي - University of Eloued, 2020-09-15) Belhaj, Besma; Berrek, Khadhra; Boukhris Hadda, AzharSummary: This paper seeks the two objectives are to examine whether there exists any relationship between poverty and human development, and research in the direction of causality between Tunisia's these two variables from 1990 to 2017 using Toda-Yamamota Granger causality approach. The experimental results of this study showed a strong inverse relationship between the two variables and there is a one-way direction causality relationship between human development and poverty, where the Tunisian state should take some measures to avoid the phenomenon of poverty by focusing and activating programs to educate the people and promote the economy, and this is in the form of plans studied by thinkers researchers in the field of human development and the State's search for alternative short-term solutions through the development of projects.Item Chinese's Export Processing Zones Strategy Lessons, Pitfalls For "algerian Insight"(University of Eloued جامعة الوادي, 2016-06-30) Djouadi, NoureddineThis paper will try to summarize the Chinese experiences of Industrial Zones, and try : Firstly, to explain the key lessons that Algeria can learn from China's long and successful experience in developing EPZs and SMEs as main elements in the national and local development strategy. Secondly, describe the main success factors of Chinese EPZs to support the SMEs for encouraging and diversify the exports. For this purpose, this paper is structured in the following way : (01) Introduction (02) The definitions of EPZ and SMEs in Chinese's law, (03) Export Processing Zones (EPZs) in China as vehicles of development (04) Economic Role of China’s EPZs. (05) as a conclusion, the lessons that Algeria can learn from China, and the main pitfalls that Chinese experiences include to avoid. ملخص: تحاول هذه الدراسة طرح التجربة الصينية فيما تعلق بإنشاء وتسيير المناطق الصناعية وآليات الاستفادة منها ضمن مشروع التنمية الوطنية. وذلك من خلال أولا من خلال التطرق وشرح الدروس الأساسية التي تتضمنها التجربة الصينية والتي يمكن أن تستفيد منها الجزائر، خاصة فيما تعلق بنمط : مناطق عمليات التصدير. وما يمكن أن تقدمه للمؤسسات الصغيرة والمتوسطة. وثانيا، استحضار أهم عوامل النجاح التي امتازت بها التجربة الصينية في إطار ذلك. من أجل ذلك، كان الهيكل العام لهذه المساهمة كالآتي : 1. مقدمة، 2. مفهوم مناطق عمليات التصدير والمؤسسات الصغيرة والمتوسطة في أدبيات القانون الصيني، 3. مناطق عمليات التصدير كمقطورة للتنمية، 4. الدور الاقتصادي لمناطق عمليات التصدير في الصين، 5. خاتمة: التي يمكن للجزائر الاستفادة منها من التجربة الصينيةItem Cointegration And Causality Between Insurance Activity And Economic Growth In Morocco(جامعة الوادي - University of Eloued, 2020-09-15) Mouloudi, AbdelaaliThis paper is an attempt to study the effect of insurance services on economic growth and causality between both of them in Morocco using time series data for the period 1980-2017 where Augmented Dicky-Fuller test, Johansen cointegration test and Granger causality test are used. The unit root test exhibited that the two time series have a unit root at level and are stationary at the first difference. After implementing Johansen cointegration test, it was found that there is a long run relationship between insurance sector and economic growth. The long run link leads to check the direction of causality. The Granger causality test shows significant bidirectional causality between total insurance premiums and real gross domestic product. These findings accentuate the importance of insurance sector in promoting economic growth.Item The Contribution Of Strategic Information Systems To Achieving & Enhancing The Competitiveness Of Algerian Insurance Companies A Sample Study On Insurance Companies In The Wilaya Of M’sila(جامعة الوادي - University of Eloued, 2022-06-30) Arioua, Mohad; Boubaya, Hacene; Zeghba, TalalSummary: This paper aims at investigating how strategic information systems contribute to achieving and sustaining competitive advantages in Algerian insurance companies. The study has been conducted on a sample of insurance companies in the Wilaya of M’Sila. Results showed that strategic information systems implemented by insurance companies contribute to supporting and enhancing competitive advantages by achieving quality, enhancing efficiency, promoting innovation and improving customer service. ملخص تهدف هذه الورقة إلى استكشاف كيفية مساهمة نظم المعلومات الإستراتيجية في تحقيق المزايا التنافسية في شركات التأمين الجزائرية والحفاظ عليها، حيث أجريت الدراسة على عينة من شركات التأمين في ولاية المسيلة، وأظهرت النتائج أن أنظمة المعلومات الإستراتيجية التي تنفذها شركات التأمين تساهم في دعم وتعزيز المزايا التنافسية من خلال تحقيق الجودة وتعزيز الكفاءة وتشجيع الابتكار وتحسين خدمة العملاء. الكلمات المفتاحية: المعلومات الإستراتيجية، نظم المعلومات الإستراتيجية، ميزة تنافسية، شركات التأمين.Item Corporate Social Responsibility in Algeria Empirical Study of Many Corporations(جامعة الوادي University of Eloued, 2015-12-31) Bahlouli, SaraThe study aimed to find out the reality of the practice of social responsibility in the Algerian economic corporations, and the extent of awareness of managers and directors of the concept of corporate social responsibility and the extent of its application and the degree of adoption in the Algerian corporations. The study was conducted on a set of economic corporations that are active in all of the state of Setif, Bordj Bou Arreridj. Where the study form distribution frames this corporations, and we came in the end that there is a lack of social responsibility as a concept in the enterprise strategy under study while we found variation in the exercise of these corporations of their responsibility social. الملخص: هدفت الدراسة لمعرفة واقع ممارسة المسؤولية الاجتماعية في المؤسسات الاقتصادية الجزائرية، ومدى إدراك المسيرين والمدراء لمفهوم المسؤولية الاجتماعية للمؤسسات ومدى تطبيقها ودرجة تبنيها في المؤسسات الجزائرية. وتمت الدراسة على مجموعة من المؤسسات الاقتصادية التي تنشط في كل من ولاية سطيف وبرج بوعريريج، حيث تم توزيع استمارة الدراسة على إطارات هذه المؤسسات، وتوصلنا في النهاية إلى أن هناك غياب للمسؤولية الاجتماعية كمفهوم في استراتيجية المؤسسات محل الدراسة بينما وجدنا تباين في ممارسة هذه المؤسسات لمسؤوليتها الاجتماعية.Item Crypto-monnaies, Réel? Ou Purement Virtuel? L’économie Dans L’ère De La Crypto-monnaies(جامعة الوادي - University of Eloued, 2022-06-30) Hussain, AliLe déploiement rapide du commerce sur Internet et de la technologie mobile est à l'origine de changements dans l'économie mondiale. De nombreuses entreprises telles que l'industrie du commerce de détail sont en train de s'effondrer parce qu'elles ne peuvent pas concurrencer les entreprises de commerce électronique comme Alibaba. Les systèmes de paiement en ligne modifient la façon dont les biens et services sont payés. L'un des développements importants des changements économiques est la monnaie numérique et la crypto-monnaie. Nous décrivons le contexte historique qui a conduit au développement de ces monnaies et certaines tendances modernes et récentes dans leur adoption, tant en termes d’utilisation dans l’économie réelle qu’en tant que produits d’investissement. Comme ces monnaies sont des constructions purement numériques, sans aucun soutien du gouvernement ou des autorités locales, nous en discutons ensuite dans le contexte de la théorie monétaire, afin de déterminer leur valeur respective.Item Determinants Of Customer Loyalty In A Competitive Banking Environment: Some Evidence From Algerian Banks(جامعة الوادي - University of Eloued, 2021-06-06) Algamdi, Abdelmageed; Brika Said, Khalfa Mokhta; Musa Adam, Ahmed; Chergui, Khalilهدفت الدراسة الى بيان دور جودة الخدمة ورضا العملاء وصورة البنك في ولاء العملاء. تمثل مجتمع البحث في عملاء البنوك بولايات الشرق الجزائري. وشملت الدراسة 320 مستجيبًا من عملاء أربعة بنوك تابعة للقطاع العام. وقد تم تحليل بيانات الدراسة باستخدام تحليل الانحدار المتعدد لتحديد ولاء العملاء في البنوك التجارية وتقييم تأثير بعض المحددات مثل الصورة المصرفية ورضا العملاء وجودة الخدمة على ولاء العملاء في البنوك. تشير نتائج البحث إلى أن جودة الخدمة ورضا العملاء وصورة البنك لها آثار إيجابية كبيرة على ولاء العملاء. كما، وجد أن لكل من رضا العملاء وجودة الخدمة تأثير إيجابي كبير على ولاء العملاء. ويشير النموذج إلى أن رضا العملاء له تأثير أكبر على ولاء العملاء عند مقارنته بجودة الخدمة وصورة البنك. أخيرًا، تبرر الدراسة الحالية أنه لإثبات ولاء العملاء للبنوك، يجب أن تركز البنوك التجارية على جميع المحددات (صورة البنك، وجودة الخدمة، ورضا العملاء)، وأن يكون التركيز بشكل أساسي على رضا عملاء البنوك.Item Determinants Of Firm’s Innovation In The Mena Region: A Descriptive Analysis(University of Eloued جامعة الوادي, 2019-07-31) Bourouaha, Abdelhammid; Maliki Samir, Baha EddineThe paper tries to examine the relationship between some quantitative and qualitative variables to stimulate new ideas or creativity among the enterprises' staff. The enterprises using the formal training programs for permanent employee, education level of the manager, the firm’s size and the enterprises innovation activities are considered as significant variables. We extract a sample of 6566 firms from MENA region available in the BEEPS database. The results show that innovation activity is founded better in firms with high level of manager education and size. The correlation coefficients, demonstrates a small positive correlation between enterprises’ use of employee training and their innovation activities.Item Développement des systèmes financiers Quelle réalité pour les pays de la zone MENA(جامعة الوادي University of Eloued, 2016-12-30) GHANEM, Yasmina; ACHOUCHE, MohamedDans le présent article, nous avons examiné la réalité du développement financier dans les pays de la zone MENA. À travers une analyse par indicateurs suivie d’une construction d’un indice synthétique du développement financier, nos résultats font montre de grandes disparités qui caractérisent les systèmes financiers des pays de la région. La construction d’un indice synthétique du développement financier (IDF1 ou IDF2) pour les 211 pays qui composent l’échantillon nous a permis de mettre en évidence de grands écarts entre les niveaux de développement financiers des différents pays et révèle une grande dissimilitude entre eux. Il s’avère que les pays non pétroliers ont les systèmes financiers les plus développés (Liban, Malte, Israël, Jordanie), alors que les pays essentiellement exportateurs du pétrole possèdent les systèmes financiers les plus sous développés de la région (Irak, Libye, Yémen, Algérie). In this article, we looked at the reality of the development of the MENA financial sectors. Through an analysis by indicators followed by construction of a composite index of financial development, our results show large disparities in the financial systems of these countries. The construction of a composite index of financial development (IDF1or IDF2) for the 21 MENA countries allowed us to highlight major differences between financial development levels and reveals a great dissimilarity between these countries. It turns out that the non-oil countries have more developed financial systems (Lebanon, Malta, Israel, Jordan), while the oil exporting countries have the most underdeveloped financial systems in the region (Iraq, Libya, Yemen, Algeria)