أثر أسواق الأوراق المالية على معدلات النمو: دراسة مقارنة بين عينة من الدول العربية النفطية وغير النفطية

Abstract EN

This study aimed to identify the impact of stock exchanges on economic growth in a sample of oil and non-oil Arab countries during the period 2006-2018, using the descriptive approach and based on panel data and by taking the growth rate of the gross domestic product as a dependent variable and the market value, the total value of traded shares as a percentage of GDP, inflation rate, and oil price as explanatory variables.

the study found an inverse relationship between the market value and the growth rate in the Arab oil countries, while the total value of traded shares as a percentage of GDP had a positive impact on growth.

in the non-oil Arab countries, the total value of traded shares as a percentage of GDP had a positive impact on the growth rate, while the market value had no effect on the growth rate.

the study recommended the necessity of developing the Arab stock exchanges in order to increase the growth rate.