Financial development and economic growth in an oil-rich economy : The case of Saudi Arabia

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F14%3A10281097" target="_blank" >RIV/00216208:11230/14:10281097 - isvavai.cz</a>
Result on the web
<a href="http://www.sciencedirect.com/science/article/pii/S0264999314002983" target="_blank" >http://www.sciencedirect.com/science/article/pii/S0264999314002983</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.econmod.2014.07.042" target="_blank" >10.1016/j.econmod.2014.07.042</a>

Result language
angličtina
Original language name
Financial development and economic growth in an oil-rich economy : The case of Saudi Arabia
Original language description
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.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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