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The influence of capital market development on economic growth among MENA Region Countries

Mo Giuma, Intisar Jiuma and Wan Yusoff, Wan Fauziah (2013) The influence of capital market development on economic growth among MENA Region Countries. In: 1st FPTP Postgraduate Seminar 2013, 23 December 2013, Fakulti Pengurusan Teknologi dan Perniagaan, UTHM .

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Abstract

Series of financial crisis in the last two decades has motivated the countries in the MENA region to adopt market oriented approach to stimulate their economies. The governments in the region suffering from locked savings phenomenon explored modernizing their economic procedures with establishment and development of capital market approach. These transformations were carried out in the aim that the region would elevate its growth rates to meet stability requirement prescription that would avoid widening the gap between economic and demographic growth. Much research were done in this area but most of them focused on evaluating the contribution of newly established or reactivated capital markets on the GDP growth. Some have accounted for the fact that better results could be achieved through the collaboration of the markets through easing the flows between them. This research takes these shortcomings into account and attempts to develop a framework that assists policy makers in the region to foresee the potential benefits in the future from collective actions. The sample of the study will be four main countries: Saudi Arabia, Egypt, Kuwait and Tunis. The selection accounted for representing oil exporters and oil importers categories. The data will be analyzed using three statistical techniques; Anova, simple and multiple regression technique and path analysis. The results of this study will hopefully contribute to previous academic studies as well as decision-makers in MENA to predict the effect of the transformation of the economies in the region.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: capital markets; economic growth; financial intermediaries; Middle East and North Africa Mena region
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD72-88 Economic development. Development economics. Economic growth
Divisions: Faculty of Technology Management and Business > Department of Technology Management
Depositing User: Normajihan Abd. Rahman
Date Deposited: 13 Aug 2014 00:43
Last Modified: 13 Aug 2014 00:43
URI: http://eprints.uthm.edu.my/id/eprint/5775
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