أثر التمويل المصرفي الإسلامي على النمو الاقتصادي في السودان خلال الفترة 1991-2018. باستخدام منهجية الانحدار الذاتي للفجوات الزمنية الموزعة المتباطئة (ARDL)‎

الملخص EN

This paper empirically investigates the impact of Islamic banking finance on economic growth in Sudan, using annual observations over the period 1991-2018.

The analysis is based on the bound testing approach of cointegration based on the autoregressive distributed lag(ARDL) advanced by Pesaran, et al.

(2001).

In addition to studying the causal relationship between the variables based on the Toda Yamamato test.

The empirical findings suggest that both a Positive and statistically significant relationship between Islamic banking finance and economic growth in the short and long-run.

As for the other determinants, their impact is negative on growth, except for local investment.

Moreover, the results show a causal relationship bi-directional causation between Islamic banking finance and economic growth, and this supports the hypothesis interdependence, and a triple causal relationship between bank financing, domestic investment and economic growth.

The Error correction coefficient suggests a very rapid rate of adjustment towards long-run equilibrium