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http://bura.brunel.ac.uk/handle/2438/7429| Title: | Financial development and economic growth in an oil-rich economy: The case of Saudi Arabia |
| Authors: | Samargandi, N Fidrmuc, J Ghosh, S |
| Keywords: | Financial development;Economic growth;ARDL method;Saudi Arabia |
| Issue Date: | 2013 |
| Publisher: | Brunel University |
| Citation: | Economics and Finance Working Paper, Brunel University: 13-12, May 2013 |
| Abstract: | We investigate the effect of financial development on economic growth in the context of an oil-rich economy. In doing so, we allow for the effect of financial development to be different for the oil and non-oil sectors of the economy in the long–run. Using the Autoregressive Distributed Lag (ARDL) bounds test technique; we find that financial development has a positive impact on the growth of the non-oil sector in Saudi Arabia. In contrast, its impact on total GDP growth is negative but insignificant. |
| URI: | http://bura.brunel.ac.uk/handle/2438/7429 |
| Appears in Collections: | Economics and Finance Publications Dept of Economics and Finance Research Papers |
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