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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

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

Abstract

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Details

Other ID JA53TZ57CD
Journal Section Research Article
Authors

Rashid Sbia This is me

Sahel Alrousan This is me

Publication Date April 1, 2016
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.
AMA Sbia R, Alrousan S. Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment. IJEFI. April 2016;6(2):703-710.
Chicago 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 6, no. 2 (April 2016): 703-10.
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 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, 2016.
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 2016), 703-710.
JAMA 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, 2016, pp. 703-10.
Vancouver Sbia R, Alrousan S. Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment. IJEFI. 2016;6(2):703-10.