Does Islamic banking development favor macroeconomic efficiency? : evidence on the Islamic finance-growth nexus
Joint Authors
Gheeraert, Laurent
Weill, Laurent
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2013, Issue 745-824 (31 Dec. 2013), pp.1-19, 19 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2013-12-31
Country of Publication
Egypt
No. of Pages
19
Main Subjects
Topics
- Banks
- Economics
- Economic development
- Islam
- Macroeconomics
- Economic policy
- Financing
- Developing countries
- Twenty-first century
- Religious aspects
- Banking
- Banking services
- Development economics
- Islamic Banks
Abstract AR
تقوم هذه الورقة ما إذا كان تطوير العمل المصرفي الإسلامي يؤثر على كفاءة الاقتصاد الكلي.
نساهم إذا بتحليل العلاقة بين التمويل الإسلامي و النمو الاقتصادي.
و نقوم ذلك من خلال تطبيق نهج المجالية العشوائية لتقدير الكفاءة الفنية على المستوى القطري لعينة من 70 بلدا.
و نستخدم قاعدة بيانات فريدة من نوعها من ناحية جمعها، و التي تغطي المصارف الإسلامية في جميع أنحاء العالم خلال الفترة 2000-2005.
نجد أدلة على أن تطوير الخدمات المصرفية الإسلامية تزيد من كفاءة الاقتصاد الكلي.
و لدينا دعم لعلاقة غير كفء لتطوير الخدمات المصرفية الإسلامية، و تقاس عن طريق الائتمان أو عن طريق الودائع.
لكن زيادة تطوير الخدمات المصرفية الإسلامية يعزز الكفاءة حتى نقطة معينة و من بعدها يصبح التوسع في العمل المصرفي الإسلامي ضارا للكفاءة.
Abstract EN
This paper evaluates if the development of Islamic banking influences macroeconomic efficiency.
We contribute then to the analysis of the relation between Islamic finance and economic growth.
We do so by applying the stochastic frontier approach to estimate technical efficiency at the country level for a sample of 70 countries.
We use a unique hand collected database, which covers Islamic banks worldwide over the period 2000-2005.
We find evidence that Islamic banking development favors macroeconomic efficiency.
We have support for a non-linear relation with efficiency for Islamic banking development, measured by credit or by deposits.
Increasing Islamic banking development enhances efficiency until a certain point beyond which expansion of Islamic banking becomes detrimental for efficiency.
American Psychological Association (APA)
Gheeraert, Laurent& Weill, Laurent. 2013. Does Islamic banking development favor macroeconomic efficiency? : evidence on the Islamic finance-growth nexus. Economic Research Forum : Working Paper Series،Vol. 2013, no. 745-824, pp.1-19.
https://search.emarefa.net/detail/BIM-336881
Modern Language Association (MLA)
Gheeraert, Laurent& Weill, Laurent. Does Islamic banking development favor macroeconomic efficiency? : evidence on the Islamic finance-growth nexus. Economic Research Forum : Working Paper Series No. 745-824 (2013), pp.1-19.
https://search.emarefa.net/detail/BIM-336881
American Medical Association (AMA)
Gheeraert, Laurent& Weill, Laurent. Does Islamic banking development favor macroeconomic efficiency? : evidence on the Islamic finance-growth nexus. Economic Research Forum : Working Paper Series. 2013. Vol. 2013, no. 745-824, pp.1-19.
https://search.emarefa.net/detail/BIM-336881
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 15-19
Record ID
BIM-336881