On the causal link between financial development and economic growth: Case of jordan

Bassam M. AbuAl-Foul; Ismail Genc; Musa Darayseh

doi:10.22495/cocv13i2c3p2

On the causal link between financial development and economic growth: Case of jordan

Bassam M. AbuAl-Foul, Ismail Genc, Musa Darayseh

American University of Sharjah

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

Abstract

This paper empirically examines the causal relation between financial development and economic growth in the case of Jordan for the period 1965 to 2004. That is, the paper attempts to provide answers to the following questions: a) Does financial development promotes economic growth? Or b) Does economic growth promotes financial development? Using Toda and Yamamoto (1995) Granger-no-causality model, the results reveal that there is a uni-directional Granger causality from economic growth to financial development (as defined by log (DC/GDP)).

Original language	English
Pages (from-to)	518-520
Number of pages	3
Journal	Corporate Ownership and Control
Volume	13
Issue number	2CONT3
DOIs	https://doi.org/10.22495/cocv13i2c3p2
Publication status	Published - 1 Dec 2016
Externally published	Yes

Bibliographical note

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© 2016, Virtus Interpress. All rights reserved.

Keywords

Economic growth
Financial development
Granger non-causality
Jordan
MENA

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.22495/cocv13i2c3p2

Cite this

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abstract = "This paper empirically examines the causal relation between financial development and economic growth in the case of Jordan for the period 1965 to 2004. That is, the paper attempts to provide answers to the following questions: a) Does financial development promotes economic growth? Or b) Does economic growth promotes financial development? Using Toda and Yamamoto (1995) Granger-no-causality model, the results reveal that there is a uni-directional Granger causality from economic growth to financial development (as defined by log (DC/GDP)).",

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AU - Genc, Ismail

AU - Darayseh, Musa

PY - 2016/12/1

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N2 - This paper empirically examines the causal relation between financial development and economic growth in the case of Jordan for the period 1965 to 2004. That is, the paper attempts to provide answers to the following questions: a) Does financial development promotes economic growth? Or b) Does economic growth promotes financial development? Using Toda and Yamamoto (1995) Granger-no-causality model, the results reveal that there is a uni-directional Granger causality from economic growth to financial development (as defined by log (DC/GDP)).

AB - This paper empirically examines the causal relation between financial development and economic growth in the case of Jordan for the period 1965 to 2004. That is, the paper attempts to provide answers to the following questions: a) Does financial development promotes economic growth? Or b) Does economic growth promotes financial development? Using Toda and Yamamoto (1995) Granger-no-causality model, the results reveal that there is a uni-directional Granger causality from economic growth to financial development (as defined by log (DC/GDP)).

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KW - Granger non-causality

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KW - MENA

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On the causal link between financial development and economic growth: Case of jordan

Abstract

Bibliographical note

Keywords

UN SDGs

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