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Document Details
Document Type
:
Article In Journal
Document Title
:
The Effect of Financial Development on the Growth Rate in Saudi Arabia
تأثير التطور المالي على النمو الاقتصادي في المملكة العربية السعودية
Subject
:
Economics
Document Language
:
Arabic
Abstract
:
This study examines the causal relationship between financial development and the growth rate in the Kingdom of Saudi Arabia using Granger causality, cointegration, and error correction techniques in order to determine the long run equilibrium relationship and the direction of the causality in both the long and the short runs. The cointegration test indicates the existence of a long run equilibrium between financial development and the growth rate. The causality test based on error correction techniques indicates that there is a bi-directional causality relationship between financial development and the growth rate in both the long and short runs. This result suggests that financial development in the Kingdom of Saudi Arabia is expected to play a major role in the future in determining the growth rate of the economy with further expected development of the financial market.
ISSN
:
1319-0997
Journal Name
:
Economics and Administration Journal
Volume
:
18
Issue Number
:
1
Publishing Year
:
1425 AH
2004 AD
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
خالد حمد عبدالله القدير
KHALID H. A. AL-QUDAIR
Researcher
Files
File Name
Type
Description
21831.pdf
pdf
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