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Foreign Capital Inflows and Financial Development: The Moderating Effects of the Governance Climate and Human Capital across the MEDA Region

Francesco Scalamonti

Journal of Emerging Markets and Management · 65–83 · 10.63385/jemm.v2i3.101039

In the globalized world, there is a closed relationship between foreign capital inflows (CI) and financial development (FD) of a country. Therefore, this study aims to investigate the relationship between FD and CI across the Southern and Eastern Mediterranean countries (MEDA region), covering the period 2000–2019, since MEDA tr