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Article
Publication date: 1 March 2006

Selma Zaiane

Tunisian tourism plays a significant role in the economical balance of the country, providing an important source of entry to foreign currency, thanks to its privileged…

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Abstract

Tunisian tourism plays a significant role in the economical balance of the country, providing an important source of entry to foreign currency, thanks to its privileged geographical situation, proximate to Europe, and as well to its protected and preserved cultural, physical and environmental resources and heritage. This steadily developing tourism is the result of socio‐political stability, a prerequisite for a harmonious development of the tourism sector, known to be precarious. Investment in hotels and related services devoted to tourists is progressing. However, within the framework of diversifying tourism products, cultural and natural sites tend to offer further potential economic opportunities. The former choice made with regard to developing tourism zones focusing on the coast has caused a lack of balance in the economical development of the different regions of the country, thus instilling a feeling of frustration among many inhabitants in the remaining inland areas. A benefit from equivalent attention allowing them to better their socio‐economic conditions is desired by many. National programs in matter of developing the tourism sector, as well as setting priority zones in such a framework, and incentives for cultural and ecological tourism, have been repeatedly publicized. Yet, the administrations in charge of the execution of these programs do not seem to keep pace with the decision‐makers. Where is the problem? Why is there such a misunderstanding causing dialogue to be difficult and somehow despairing vis‐à‐vis a local population intending to be enabled to realize appropriate projects based on a sustainable development of their patrimonial wealth?

Details

Tourism Review, vol. 61 no. 3
Type: Research Article
ISSN: 1660-5373

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Article
Publication date: 31 January 2025

Selma Elmahjoub, Sedki Zaiane and Slah Bahloul

The purpose of this study is to examine the nonlinear relationship between institutional quality and bank liquidity creation and to analyze whether the impact of institutional…

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Abstract

Purpose

The purpose of this study is to examine the nonlinear relationship between institutional quality and bank liquidity creation and to analyze whether the impact of institutional quality on liquidity creation depends on the level of institutional quality or not.

Design/methodology/approach

This study is based on a sample of 126 Middle East/North Africa (MENA) region banks for the period extending from 2006 to 2020. To deal with the nonlinearity, we apply a dynamic panel threshold method.

Findings

Using six different indicators of institutional quality, the results reveal that the impact of the institutional quality on liquidity creation depends on the level and the indicator of institutional quality. While control of corruption, government effectiveness and regulatory quality have positive (negative) effects below (above) the threshold value, political stability has a positive impact below and above the threshold value. Regarding the role of law and voice and accounting, only significant negative impact above the threshold value is found.

Research limitations/implications

The research findings have important implications for policymaking. It suggests that institutional quality may have the potential to reduce liquidity creation rather than increase it. As a result, policymakers should work on providing an optimal level of institutional quality that promotes bank liquidity creation as a means to stimulate economic growth.

Originality/value

This paper is among the first studies, to the best of the authors’ knowledge, to examine the nonlinear relationship between institutional quality and bank liquidity creation using a dynamic panel threshold model.

Details

Managerial Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0307-4358

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