Impact of Financial Growth on the Economic Development of Oman
Bibliographic Data
| ID | 22129645 |
|---|---|
| Authors | Muawya Ahmed Hussein (0000-0002-5938-1026, Dhofar University), Shabbir Alam (0000-0002-5001-4553, Dhofar University), Mohammad Noor Alam (0000-0002-0015-7177, Dhofar University) |
| Year | 2020 |
| Volume | 8 |
| Issue | 4 |
| Pages | 277-288 |
| Publication date | 2020-07-20 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Humanities & Social Sciences Reviews (JOURNAL) |
| Journal identifiers | ISSN: 2395-6518 • E-ISSN: 2395-6518 |
| Publisher | Maya Global Education Society (PUBLISHER) |
| DOI | 10.18510/hssr.2020.8429 |
| OpenAlex | W3045157173 |
| Language | EN |
| Citations received | 1 |
| References cited | 23 |
Purpose of the study: This paper aims to empirically test the long and short-run effects of financial development on the economic growth of Oman. Methodology: This paper has applied the Unit root test, ARDL Bound Test for Cointegration, CUSUM, and CUSUMSQ Test for testing of hypotheses. The data used to test the relationship between financial development and economic growth covers the period from 1980 to 2017. Main Findings: The major finding of the study suggested that the financial development variables measured in the research influence the economic growth in Oman. Applications of the Study: This study can be useful to assess the strength of the empirical link between the financial sector and economic growth in Oman as one of the oil-exporting states of the Middle East Region, where such studies are inadequate. The novelty of the Study: The finding of the study with an addition to the existing literature by incorporating the new variables like employment or poverty in the existing model provides new insight on the financial development of Oman. Limitations and forward of the Study: The study has considered a set of data which in general acts as a catalyst for economic development in a particular country. Implications of the Study: The outcome of the study suits the nature of the country and its socio-economic conditions. The outcomes of the study will not be suitable for every country and may result in spurious outcomes
Cointegration · Developing country · Development economics · Econometrics · Economic growth · Economics · Financial sector development · Macroeconomics · Novelty · Poverty · Spurious relationship · Statistics · Unit root · Unit root test · Economic Growth and Development · Fiscal Policy and Economic Growth · Islamic Finance and Banking Studies · Mathematics
Financial development and international trade
An Autoregressive Distributed-Lag Modelling Approach to Cointegration Analysis
Bounds testing approaches to the analysis of level relationships
Financial structure and economic growth
Credit markets and patterns of international trade
Financial Development and International Trade
Trade Openness and Economic Growth
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.2 |
| Citation span | 2021 - 2021 (1) |
| Citation velocity | historical |
| Highly cited | No |