Database of publications / What Drives Stock Market Development in the Middle East and Central Asia--Institutions, Remittances, or Natural Resources?

In this paper, authors assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without sizeable natural resource wealth.

http://www.imf.org/extern…bs/ft/wp/2007/wp07157.pdf