Liquidity Creation and Economic Growth: Are They Monotonically Related? Evidence from MENA Countries

Autor:	Ali Almeshari, Mohamed Hisham Bin Dato Haji Yahya, Fakarudin Bin Kamarudin, Sha’ari Abd Hamid
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	liquidity creation economic growth monotonicity non-linear ARDL(p q) MENA Economics as a science HB71-74
Zdroj:	Economies, Vol 11, Iss 1, p 24 (2023)
Druh dokumentu:	article
ISSN:	2227-7099
DOI:	10.3390/economies11010024
Popis:	Over the period 2000–2019, we reexamine the connection between finance, as measured by one of the primary banking sector functions—liquidity creation (LC)—and economic growth (EG) in 10 MENA countries panel. In a scenario seen as a dynamic heterogeneous panel, pooled mean group estimates demonstrate that LC and EG may have a favourable long-run connection while also having no influence in the short-run. In addition, results reveal an inverted U-shaped link between LC and EG over the short-term and long-term. This indicates that an excess of financial resources may be counterproductive to development in MENA nations.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/da1db0fc9edf4d6e852887eb151b709f Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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