Thumbnail Image
Publication

On the Causal Link between Financial Development and Economic Growth: Case of Jordan

AbuAl-Foul, Bassam
; 
Genc, Ismail
; 
Darayseh, Musa
Date
2014-05-08
Authors
AbuAl-Foul, Bassam
Genc, Ismail
Darayseh, Musa
Advisor
Type
Working Paper
Degree
Files
Thumbnail Image
WPS_AbuAlFoul-Genc-Darayseh.pdf
Adobe PDF, 1.53 MB
Description
Abstract
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)).
DSpace URI
http://hdl.handle.net/11073/6081
External URI
Collections
Department of Economics
Show all metadata