Growth, Islamic Banking and Schumpeterian vision : an empırıcal evidence from the Gulf Arab States
Author
Source
International Journal of Islamic Economics and Finance Studies
Issue
Vol. 4, Issue 1 (31 Mar. 2018), pp.40-55, 16 p.
Publisher
Centre of Political Economical and Social Research
Publication Date
2018-03-31
Country of Publication
Turkey
No. of Pages
16
Main Subjects
Financial and Accounting Sciences
Abstract EN
The rapid growth of Islamic banking has attracted much attention lately in the economic literature.
The main goal of this paper is to investigate the relationship between the Islamic banking, economic growth and innovation using data for the five Gulf Arab States (Bahrain, United Arab Emirates, Kuwait, Qatar and Saudi Arabia) in the period of 2001– 2015.
In the empirical analysis where the panel data method is used, unit root and co-integration tests were applied to the variables.
It is postulated that according to the test findings, economic growth is cointegrated with Islamic banking and patent application.
Long run cointegration coefficients of the variables were analysed throughout the panel using the method of Panel Dynamic Ordinary Least Squares (PDOLS).
The conclusion of the empirical study indicates that Islamic banking funds and innovation in chosen Gulf Arab states have positive and significant relations with economic growth.
American Psychological Association (APA)
Isık, Nalan. 2018. Growth, Islamic Banking and Schumpeterian vision : an empırıcal evidence from the Gulf Arab States. International Journal of Islamic Economics and Finance Studies،Vol. 4, no. 1, pp.40-55.
https://search.emarefa.net/detail/BIM-836654
Modern Language Association (MLA)
Isık, Nalan. Growth, Islamic Banking and Schumpeterian vision : an empırıcal evidence from the Gulf Arab States. International Journal of Islamic Economics and Finance Studies Vol. 4, no. 1 (Mar. 2018), pp.40-55.
https://search.emarefa.net/detail/BIM-836654
American Medical Association (AMA)
Isık, Nalan. Growth, Islamic Banking and Schumpeterian vision : an empırıcal evidence from the Gulf Arab States. International Journal of Islamic Economics and Finance Studies. 2018. Vol. 4, no. 1, pp.40-55.
https://search.emarefa.net/detail/BIM-836654
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 52-55
Record ID
BIM-836654