Kamal, Mona (2013): Financial Development and Economic Growth in Egypt: A Re-investigation.
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In light of the political and economic conditions that Egypt has challenged during the last two years and its influences, it is crucial to re-investigate the link between financial sector and economic growth using recent data sample. This paper re-explores it using annual data for the period from 1988 to 2012. The results imply that the banking sector development has a unidirectional causal impact on economic growth. However, stock market development does not cause growth. The interpretation of such outcomes has to be taken with caution since other relevant factors are more likely to affect this link.
|Item Type:||MPRA Paper|
|Original Title:||Financial Development and Economic Growth in Egypt: A Re-investigation|
|Keywords:||Financial Development, Economic Growth, Egypt.|
|Subjects:||E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy
O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East
|Depositing User:||Mona Kamal|
|Date Deposited:||28. Jul 2013 09:19|
|Last Modified:||28. Jul 2013 10:14|
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