Current issue

No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

0 Articles
Open access

Theoretical and Applied Economics
No. 2 / 2024 (639), Summer

What drives Tunisian economic growth: urbanization or rural development?

Sayef BAKARI
LIEI, University of Tunis El Manar, Tunisia
Malek El WERIEMMI
Higher Institute of Management of Gabes, University of Gabes, Tunisia

Abstract. A nation's economic growth plays a pivotal role in determining its level of national economic integration and participation in global value chains. This research investigates the impact of urbanization and ruralization on economic growth in the case of Tunisia, utilizing annual data spanning from 1965 to 2019. The findings, derived from the estimation of an autoregressive distributed lag model and an error correction model, reveal a negative correlation between urbanization and Tunisian economic growth. Conversely, ruralization is found to have a positive impact, suggesting that Tunisia may not have reached a stage of urban saturation. The study implies that urbanization, without concurrent industrialization, has encountered limitations. Consequently, Tunisia, having developed without due industrial progress, is no longer perceived as a privileged locale but at times faces exclusion. In addressing the urban crisis, 'urban exodus' becomes, at times, the sole response.

Keywords: Tunisian economic growth, urbanization, ruralization, ARDL, ECM.

Contents

1

Performance and risk – a changing and complex relationship for banking business

Dan Costin NIȚESCU · Adina Elena CĂLIN · Eugen-Marian VIERESCU

2

Impact of inflation and exchange rate on stock market returns in India: An ARDL approach

H R TEJESH

3

Westphalian order in pan-Arabism culture societies

Maria BUDEANU

4

The generational divide – A debate on technology and the decision-making process

Raluca Iuliana GEORGESCU · Dumitru Alexandru BODISLAV

5

The trend of FDI inflows and its impact on the Indian economy

Sushanta Kumar TARAI · Sudhakar PATRA · Dhananjoy DATTA

6

Effects of exchange relative prices on macroeconomic stability in sub-Saharan African countries

Irifaar SOME

7

Crowding-out, home bias and financial stability in the aftermath of the sovereign debt crisis

Alexie ALUPOAIEI · Matei KUBINSCHI · Eugen RĂDULESCU · Alina ZAHARIA-ROTARU

8

Is there convergence or divergence in per capita energy consumption in sub-Saharan African countries?

Muhammed TIRAŞOĞLU

9

Financial transformation through digitalisation: India’s dual path of cash and cashless transaction

Nasira BANU M. · Ibrahim CHOLAKKAL · Abdul AZEEZ N.P.

10

Nexus between global financial integration and economic growth: An ARDL approach

Mohammad Omar FARUK

11

Integration of ESG principles: An initiative for transformation from Linear Economy to Circular Economy

Shaheera Banu Z · V. VIMALA

12

European funds for sustainable transport and economic growth

Ana Maria BOCĂNEALĂ · Alexandra-Elvira GHERASIM

13

What drives Tunisian economic growth: urbanization or rural development?

Sayef BAKARI · Malek El WERIEMMI

14

Impact of crypto currencies on performance of stock returns: Evidence from BRICS countries

Sakthivel P. · Rajaswaminathan S.

15

Forecasting gold price and inflation for India and US: An analysis of ARIMA and Holt Winters models

Mukti KHETAN · Vijay KUMAR · Kalandi Charan PRADHAN · Mohd. Aziz SHAIKH · Mohd. ARSHAD

16

ESG Global Score Indicator – The new sovereign rating Case study – European Union

Ana Maria (MĂRĂȘESCU) NECULA

17

Assessing the adoption of corporate social responsibility on developing countries: Case of Jordan

Omar ALHATO

18

ICT and economic growth: Evidence from lower-middle income countries of South Asia

Kirti SANWAL · Saba ISMAIL

19

Future of cryptocurrency in India

Gaurav KUMAR · Bhartendu SINGH · Suraj Kumar SAMAL · Pandav Kumar CHAUDHARY

20

The fintech frontier: Investigating fintech entrepreneurial intentions in the light of fintech awareness

Abin JOHN · Selvaraj VANITHA · Muhammed JISHAM