FINANCIAL DEVELOPMENT INDICATORS AND ECONOMIC GROWTH: A COMPARATIVE STUDY BETWEEN MOROCCO, COMOROS, MAURITIUS, RWANDA, TUNISIA AND SENEGAL.

In This Paper, we will present the analysis of the main indicators of financial development and economic growth in the Comoros, Morocco, Tunisia, Rwanda, Mauritius and Senegal for the period 1980-2016. The descriptive analysis of the statistical data shows an evolution in terms of financial aspect and economic growth, but relatively, economic growth depends not only on these indicators but on other factors too. These relationships have already been tested in other developed countries, but we are in African countries where their financial systems are organized in a capitalist way. The endogenous variable of our study is the rate of economic growth and financial development is measured through five indicators. [ABSTRACT FROM AUTHOR]