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 TypeDr GradeEmail
خالد حمد عبدالله القدير KHALID H. A. AL-QUDAIRResearcher  

Files

File NameTypeDescription
 21831.pdf pdf 

Back To Researches Page