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Financial Liberalization Index of Tunisia: Factorial Method Approach
International Journal of Economics, Finance and Management Sciences
Volume 2, Issue 3, June 2014, Pages: 206-211
Received: Apr. 14, 2014; Accepted: Apr. 22, 2014; Published: May 20, 2014
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Bouzid AMAIRA, Faculty of Economics and Management of Tunis, University of Tunis El Manar, research laboratory "PS2D"
Radhia AMAIRIA, Faculty of Economics and Management of Sousse, University of Sousse
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The objective of this paper is to construct an index of financial liberalization for Tunisia using the Principal Component Analysis method over a period of 33 years from 1980 to 2012. The index indicates the degree of financial liberalization at any given time. This index is especially useful to control the pace of liberalization and evaluation of the effect of this policy on economic aggregates. This paper also includes partial measures of liberalization index. The constructed index shows that the process of financial liberalization in Tunisia is accelerated with the introduction of the structural adjustment program, during the period 1987 to 1994.
Financial Liberalization Index, Principal Component Analysis, Tunisia
To cite this article
Bouzid AMAIRA, Radhia AMAIRIA, Financial Liberalization Index of Tunisia: Factorial Method Approach, International Journal of Economics, Finance and Management Sciences. Vol. 2, No. 3, 2014, pp. 206-211. doi: 10.11648/j.ijefm.20140203.11
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