مجال
التميز
|
تميز دراسي
وبحثي وإبداع علمي
|
البحوث المنشورة
|
|
البحث (1):
|
|
عنوان البحث:
|
Financial
development and economic growth in an oil-rich economy: The case of Saudi
Arabia.
|
رابط إلى البحث:
|
Click here
|
تاريخ النشر:
|
Accepted
30 July 2014
|
موجز عن البحث:
|
We investigate the effect of financial
development on economic growth in the context of Saudi Arabia, an oil-rich
economy. In doing so, we distinguish between the effects of financial
development on the oil and non-oil sectors of the economy. 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 contrast, its impact on the oil-sector growth and total GDP growth
is either negative or insignificant. This suggests that the relationship
between financial development and growth may be fundamentally different in
resource-dominated economies.
Keywords
Financial
development; Economic growth; ARDL method; Oil and non-oil sectors; Saudi
Arabia
|
المؤتمرات العلمية:
|
|
المؤتمر (1):
|
|
عنوان المؤتمر:
|
7th Saudi Students Conference in the UK – 2014
|
تاريخ الإنعقاد:
|
1-2
February 2014
|
مكان
الإنعقاد:
|
Edinburgh,
UK
|
طبيعة المشاركة:
|
Poster
presentation
|
عنوان المشاركة:
|
Financial
development and economic growth in an oil-rich economy: The case of Saudi
Arabia.
|
ملخص المشاركة:
|
This
paper aims to empirically investigate the role that financial development can
play in an oil-dominated economy and the diversified effect that it has on
oil and non-oil segments of GDP in the long –run. Using the Autoregressive
Distributed Lag Model (ARDL) technique, we find that banking sector in Saudi
Arabia (SA) has a weak positive impact on the non-oil sector. In contrast,
the impact on the total GDP growth is negative. We also find that there is a
long –run equilibrium relationship between financial development and the oil
sector. However, financial development does not have a significant long run
effect on the oil-GDP sector.
|
|
|
المؤتمر (2):
|
|
عنوان المؤتمر:
|
2014
International Conference of the Financial Engineering and Banking Society
(FEBS)
|
تاريخ الإنعقاد:
|
21-23
June 2014
|
مكان
الإنعقاد:
|
Surrey
University, Guildford, UK
|
طبيعة المشاركة:
|
Oral
Presentation
|
عنوان المشاركة:
|
Is the Relationship between Financial
Development and Economic Growth Monotonic? Evidence from a Sample of Middle
Income Countries
|
ملخص المشاركة:
|
We revisit the relationship between
financial development and economic growth in a panel of 52 middle income countries
over the 1980-2008 period, using pooled mean group estimator in a dynamic
heterogeneous panel setting. We show that financial development does not have
a linear positive long-run impact on economic growth in this sample. When we
consider a non-linear relationship between financial development and growth,
we find an inverted U-shaped relationship between finance and growth in the
long run. In the short-run, the relationship is insignificant. This finding
suggests that middle income countries face a threshold point after which
financial development no longer contributes to economic growth.
|
المؤتمر (3):
|
|
عنوان المؤتمر:
|
75th International Atlantic Economic Conference
|
تاريخ الإنعقاد:
|
3-6 April-2013
|
مكان
الإنعقاد:
|
Vienna University
|
طبيعة المشاركة:
|
Oral Presentation
|
عنوان المشاركة:
|
The Relationship between Financial
Development and Economic Growth: Heterogeneous Panel Data Evidence from
Middle Income Countries
|
ملخص المشاركة:
|
This
paper aims to re-investigate the dynamic relationship between financial
development and economic growth using panel data set comprising 52 upper- and
lower- middle income countries over the time of 1980-2008. Following the
dynamic heterogeneous panel techniques developed by Pesaran et al (1999) for
estimating the short- and long run effect using autoregressive distributed
lag (ARDL) model in the error correction form, the study then estimates the
empirical model based on pooled mean group (PMG) estimator. The empirical
results of this study show that the relationship between financial
development and economic growth in the middle income countries no more has a
positive impact on the long-run. In the short-run, the relationship is mostly
negative but insignificant. When we consider quadratic nonlinear
relationships between financial development and growth, the results confirm
the existence of the inverted U relationship between finance and growth
nexus. This finding confirms that middle income countries (MIC) may have hit
a certain threshold point after which financial development no longer
contributes to boosting economic growth.
|
جوائز التكريم:
|
|
الجائزة (1):
|
|
مسمى الجائزة:
|
Distinguished Participation award
|
الجهة المانحة:
|
7th
Saudi Student Conference Organising Committee
|
تاريخ الجائزة:
|
2nd February
2014
|
مجال التكريم:
|
Financial
development and economic growth in an oil-rich economy: The case of Saudi
Arabia
|