Title: Does financial crisis really affect French economic growth? Fresh insights from nonlinear approach

Authors: Tarek Sadraoui; Nidhal Mgadmi; Nasreddine Chetti

Addresses: Faculty of Economics and Management Mahdia, University of Monsatir, Tunisia ' Faculty of Economics and Management Mahdia, University of Monsatir, Tunisia ' Faculty of Economics, Business and Management Sciences, University of Algiers III, Algeria

Abstract: In this paper, we attempt to analyse the financial crisis impact on the French economic growth in France. To this end, we use the industrial production index, the consumer price index, the money market rate and the transactions volume during the period from 2000 to 2015. We also employ a nonlinear approach to study such effect and identify the existence of a nonlinear long-term relationship between variables. The empirical results clearly show that the linear and nonlinear coefficients of the shifted residuals for a single period have negative and positive signs. Therefore, French economic growth has a nonlinear dynamic towards its fundamental value.

Keywords: financial crisis; French; economic growth; nonlinear models.

DOI: 10.1504/IJMFA.2022.126561

International Journal of Managerial and Financial Accounting, 2022 Vol.14 No.4, pp.378 - 394

Received: 27 Jun 2021
Accepted: 23 Feb 2022
Published online: 28 Oct 2022 *

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