TY - JOUR
T1 - On the causal link between financial development and economic growth
T2 - Case of jordan
AU - AbuAl-Foul, Bassam M.
AU - Genc, Ismail
AU - Darayseh, Musa
N1 - Publisher Copyright:
© 2016, Virtus Interpress. All rights reserved.
PY - 2016/12/1
Y1 - 2016/12/1
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)).
KW - Economic growth
KW - Financial development
KW - Granger non-causality
KW - Jordan
KW - MENA
UR - http://www.scopus.com/inward/record.url?scp=84959220330&partnerID=8YFLogxK
U2 - 10.22495/cocv13i2c3p2
DO - 10.22495/cocv13i2c3p2
M3 - Article
AN - SCOPUS:84959220330
SN - 1727-9232
VL - 13
SP - 518
EP - 520
JO - Corporate Ownership and Control
JF - Corporate Ownership and Control
IS - 2CONT3
ER -