On the Causal Link between Financial Development and Economic Growth: Case of Jordan
Ismail Genc () and
Authors registered in the RePEc Author Service: Bassam Abu Al-Foul
Economics Working Papers from School of Business Administration, American University of Sharjah
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)).
Pages: 11 pages
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://dspace.aus.edu:8443/xmlui/bitstream/handle ... ayseh.pdf?sequence=1 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sha:ecowps:18-04/2014
Access Statistics for this paper
More papers in Economics Working Papers from School of Business Administration, American University of Sharjah Contact information at EDIRC.
Bibliographic data for series maintained by Hamza Saleem ( this e-mail address is bad, please contact ).