أثر مؤشرات تطور سوق الأوراق المالية على النمو الاقتصادي : دراسة حالة السعودية (1992-2019)‎

الملخص EN

This study aims to measure the effect of stock market development indicators on economic growth in the Kingdom of Saudi Arabia during the period 1992 to2019, using the Autoregressive Distributed Slowdown (ARDL) model.

In this study, we found out that there exists a positive effect of the trading volume ratio on economic growth, and a negative impact of the market capital ratio on economic growth, which means that market liquidity contributed to financing the real economic activity as well as the economic growth in Saudi Arabia, whereas market capitalization curbs the economic growth.