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Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment

Year 2016, Volume: 6 Issue: 2, 703 - 710, 01.04.2016

Rashid Sbia Sahel Alrousan

https://izlik.org/JA32PB88SL

Abstract

This paper examines the association between financial progress and economic growth in the United Arab Emirates over the period 1975Q1-2012Q4. We have employed Bayer-Hanck (2013) combined non-cointegration to test the long run relationship. Our analysis revealed the existence of cointegration between financial development and economic growth. It also revealed that capitalization and FDI stimulate economic growth. The findings suggest that proper use of FDI and financial policy redesign will sustain economic growth in long term.

Keywords

Financial Development FDI Capital investment Growth UAE.

Year 2016, Volume: 6 Issue: 2, 703 - 710, 01.04.2016

Rashid Sbia Sahel Alrousan

https://izlik.org/JA32PB88SL

Abstract

There are 0 citations in total.

Details

Other ID JA53TZ57CD
Authors

Rashid Sbia This is me

Sahel Alrousan This is me

Publication Date April 1, 2016
IZ https://izlik.org/JA32PB88SL
Published in Issue Year 2016 Volume: 6 Issue: 2

Cite

APA Sbia, R., & Alrousan, S. (2016). Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment. International Journal of Economics and Financial Issues, 6(2), 703-710. https://izlik.org/JA32PB88SL
AMA 1.Sbia R, Alrousan S. Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment. IJEFI. 2016;6(2):703-710. https://izlik.org/JA32PB88SL
Chicago Sbia, Rashid, and Sahel Alrousan. 2016. “Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment”. International Journal of Economics and Financial Issues 6 (2): 703-10. https://izlik.org/JA32PB88SL.
EndNote Sbia R, Alrousan S (April 1, 2016) Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment. International Journal of Economics and Financial Issues 6 2 703–710.
IEEE [1]R. Sbia and S. Alrousan, “Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment”, IJEFI, vol. 6, no. 2, pp. 703–710, Apr. 2016, [Online]. Available: https://izlik.org/JA32PB88SL
ISNAD Sbia, Rashid - Alrousan, Sahel. “Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment”. International Journal of Economics and Financial Issues 6/2 (April 1, 2016): 703-710. https://izlik.org/JA32PB88SL.
JAMA 1.Sbia R, Alrousan S. Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment. IJEFI. 2016;6:703–710.
MLA Sbia, Rashid, and Sahel Alrousan. “Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment”. International Journal of Economics and Financial Issues, vol. 6, no. 2, Apr. 2016, pp. 703-10, https://izlik.org/JA32PB88SL.
Vancouver 1.Rashid Sbia, Sahel Alrousan. Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment. IJEFI [Internet]. 2016 Apr. 1;6(2):703-10. Available from: https://izlik.org/JA32PB88SL