ARTÍCULO
TITULO

Effects of Financial Development and Institutional Quality on the Economic Growth in The Arabian Gulf states: A Panel Cointegration Analysis

Abdelkarim Yahyaoui    
Majid Ibrahim Al Saggaf    

Resumen

Many studies on the link between finance and growth, in Arab gulf countries, have suggested however, without demonstrating it, that the relationship between the two spheres goes through the country?s specific institutional structure. Nevertheless, this relation is neither well analyzed nor stated in the case of the Gulf States, which justifies the problem of this article. Different estimates were made by the method of panel data for the period from 1995 to 2012 for six Arab Gulf Countries. It appears from these estimates that the quality of the institutions is the transmission vector of the financial sphere towards the real sphere for the case of these countries. So, the financial system cannot stimulate economic growth if it is accompanied by a ?solid institutional framework? presented by a better bureaucracy, a fight against corruption, a strong legal framework and better socio-economic conditions.Keywords: Financial Development, Quality of Institutions, Economic Growth, Panel DataJEL Classification: O16, O43, O47, C23 DOI: https://doi.org/10.32479/ijefi.7293

 Artículos similares

       
 
Ao Yang, Wenqi Li, Brian Sheng Xian Teo and Jaizah Othman    
Corporate managers are the central figures of corporate activity who can control the strategic direction of companies. The company?s use of financial derivatives can avoid risks and has an important impact on the value of the company. This study examines... ver más

 
Henrique Correa da Cunha, Mohamed Amal, Svante Andersson, Dinora Eliete Floriani and Carlyle Farrell    
We investigate how formal institutional distance (FID) moderates the cultural distance (CD) and financial performance relationships of foreign subsidiaries of firms. Following recent research, we estimate the asymmetric effects of CD by considering its s... ver más

 
Marina Beljic,Olgica Glava?ki,Jovica Pejcic     Pág. 039 - 052
After global financial crisis, intensive tax policies adjustments were applied in emerging European Union (EU) economies, for the sake of tax competitiveness. In order to ensure that aim, emerging EU economies most often choose the policy of tax reductio... ver más

 
Awatif Hodaed Alsheikh and Warda Hodaed Alsheikh    
We investigate the effects of both the busyness of audit committee (AC) members and the busyness of audit committee chairs on audit report lag (ARL) among Saudi non-financial firms between 2018 and 2021. In this study, a sample comprising a total of 515 ... ver más

 
Benjamin Mudiangombe Mudiangombe and John Weirstrass Muteba Mwamba    
This paper examines the effects of the Standard and Poor?s 500 (SP500) stock index crash during the global financial crisis and the COVID-19 pandemic periods on the South African top sector indices (basic materials, consumer goods, consumer services, fin... ver más