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Financial development, human capital and output growth in Saudi Arabia
Other Title(s)
التطور المالي، رأس المال البشري و نمو الناتج في المملكة العربية السعودية
Author
al-Maliki, Abd Allah Bin Muhammad Bin Salih
Source
Journal of King Abdul Aziz University : Economics and Administration
Issue
Vol. 29, Issue 2 (31 Dec. 2015), pp.267-302, 36 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2015-12-31
Country of Publication
Saudi Arabia
No. of Pages
36
Main Subjects
Economics & Business Administration
Abstract EN
This paper investigates the relationship between financial development, human capital and economic growth in Saudi Arabia over the period 1970-2008.
The empirical analysis is based on the newly developed method of co-integration along with the popular time series methodologies such as the Engle and Granger (1987), Johansen and Juselius (1990) and Granger causality.
The co-integration tests reveal the presence of long run equilibrium relationship between financial development, human capital and economic growth.
The Granger causality tests indicate the existence of bidirectional causality between human capital and economic growth, and between openness and economic growth.
It also confirms the unidirectional causality from financial development to economic growth.
The policy implication of this study is that the Saudi government should develop the financial sector even more and carry out the necessary procedures to strengthen the relationship between the financial sector and the real economy
American Psychological Association (APA)
al-Maliki, Abd Allah Bin Muhammad Bin Salih. 2015. Financial development, human capital and output growth in Saudi Arabia. Journal of King Abdul Aziz University : Economics and Administration،Vol. 29, no. 2, pp.267-302.
https://search.emarefa.net/detail/BIM-822096
Modern Language Association (MLA)
al-Maliki, Abd Allah Bin Muhammad Bin Salih. Financial development, human capital and output growth in Saudi Arabia. Journal of King Abdul Aziz University : Economics and Administration Vol. 29, no. 2 (2015), pp.267-302.
https://search.emarefa.net/detail/BIM-822096
American Medical Association (AMA)
al-Maliki, Abd Allah Bin Muhammad Bin Salih. Financial development, human capital and output growth in Saudi Arabia. Journal of King Abdul Aziz University : Economics and Administration. 2015. Vol. 29, no. 2, pp.267-302.
https://search.emarefa.net/detail/BIM-822096
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 300-301
Record ID
BIM-822096