000 03200cam a2200337 a 4500
003 EG-GiCUC
005 20250223031958.0
008 180418s2017 ua f m 000 0 eng d
040 _aEG-GiCUC
_beng
_cEG-GiCUC
041 0 _aeng
049 _aDeposite
097 _aPh.D
099 _aCai01.03.02.Ph.D.2017.Na.D
100 0 _aNanis Fekry Mohamed Nashed
245 1 4 _aThe dynamic impacts of financial development on economic growth :
_bEvidence from mena countries /
_cNanis Fekry Mohamed Nashed ; Supervised Samy Elsayed , Fakhry Elfiky
246 1 5 _aالآثار الديناميكية للتنمية المالية على النمو الاقتصادى :
_bدراسة لحالة دول الشرق الأوسط وشمال افريقيا
260 _aCairo :
_bNanis Fekry Mohamed Nashed ,
_c2017
300 _a112 P. ;
_c25cm
502 _aThesis (Ph.D.) - Cairo University - Faculty of Economics and Political Science - Department of Economics
520 _aThis thesis investigated the dynamic impacts of financial development on economic growth based on a panel data set comprised of 15 MENA countries over the period 1990-2015. The thesis used four indicators of financial development, two indicators for the banking sector development, which are, financial depth (LLY), to measure the size of the financial intermediaries and the ratio of deposit money banks{u2019} domestic assets to the sum of domestic assets in deposit money banks and the central bank (BANK), to measure the relative importance of deposit money banks versus the central bank, with regard to the allocation of savings. On the other hand, two indicators of the stock market development are used, which are, the stock market capitalization to GDP ratio (SIZE), to measure the size of the stock market and the turnover ratio (TOV), to measure the stock market liquidity. While the economic growth indicator was measured by the natural Logarithm of the real GDP per capita (LRGDP). The thesis adopts a Pooled Mean Group Model (PMG) of Pesaran, Shin and Smith (1999). Several important results were found. First, there exists a long-run equilibrium relationship among financial development and economic growth in the investigated countries. Second, the two indicators of the banking sector development and the stock market liquidity indicator (TOV), all have a positive long-run effects on economic growth, while, the stock market capitalization indicator (SIZE) has no long-run effect on the economic growth. Finally, in the short-run, all financial development indicators don{u2019}t have any impact on economic growth. These results implies that financial development leads to a long-run economic growth, which recommended that, financial development is indeed a long-run policy
530 _aIssued also as CD
653 4 _aCross Sectional Dependence Test (CD)
653 4 _aEconomic growth
653 4 _aFinancial development
700 0 _aFakhry Elfiky ,
_eSupervisor
700 0 _aSamy Elsayed ,
_eSupervisor
856 _uhttp://172.23.153.220/th.pdf
905 _aNazla
_eRevisor
905 _aShimaa
_eCataloger
942 _2ddc
_cTH
999 _c65942
_d65942