THE IMPACT OF CAPITAL MARKET ON THE ECONOMIC GROWTH IN OMAN

Md. Shabbir Alam and Muawya Ahmed Hussein
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Md. Shabbir Alam: Department of Finance and Economics, CCBA, Dhofar University, Oman.
Muawya Ahmed Hussein: Department of Finance and Economics, CCBA, Dhofar University, Oman.

Studii Financiare (Financial Studies), 2019, vol. 23, issue 2, 116-129

Abstract: This paper investigated the effect of capital market on Omani economic growth using real Gross Domestic Product (GDP) as representative for economic growth. The main objective of the paper is to scan the impact of Muscat Security Market (MSM) on economic growth in Oman. The data were collected from the different official MSM annual reports, Central Bank of Oman annual reports and the World Bank Development Reports. The technique applied involved the use of multiple regression analysis to find the influence of the capital market on the Omani GDP. The analysis so far confirmed that there is a positive relationship between capital market and economic growth in Oman for the investigated period. So, it is recommended that, Oman should place greater emphasis on financial sector development with special focus on capital market development to ensure economic growth.

Keywords: Muscat security market (MSM); Capital market; GDP; Central Bank of Oman (search for similar items in EconPapers)
JEL-codes: E2 E5 E6 G1 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:23:y:2019:i:2:p:116-129

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