أثر سيولة سوق الأوراق المالية على النمو الاقتصادي في السعودية: دراسة قياسية للفترة (1990-2019)‎ باستخدام نموذج الانحدار الذاتي لفترات الإبطاء ARDL

Abstract EN

This study aims to identify the effect of stock market liquidity on the economic growth, which is represented by the per capita GDP, in the Kingdom of Saudi Arabia through a standard study of the annual data for the period 1990-2019.

To achieve this goal, the Autoregressive Distributed Slowdown Periods (ARDL) model has been used.

the study concluded that the turnover rate, i.

e.

the stock market liquidity indicator, does not have a significant impact on the economic growth in Saudi Arabia.

We find that the dominance of big companies on the market as well as the centralization of trading at the level of specific number of shares impedes the economic growth.

Therefore, policymakers should seek to increase the number of listed companies and try to attract international foreign companies, in addition to making them their headquarters, by considering their impact on the economic growth when constructing economic policies.