FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W207979929> ?p ?o ?g. }

• W207979929 abstract "Middle East and North African (MENA) region is home to nearly 60% of the 1.4 trillionbarrels of proven crude oil reserves and 46% of the 192 trillion standard cubic meters ofnatural gas reserves (OPEC, 2010). Although the capital market plays an important rolein economic development in many countries, (MENA) region the role is not so clear.The region has participated less in the globalization and integration of internationalcapital markets than have Asian and Latin American countries. Capital flows into theMENA region have been small. Countries in the region have had almost no direct accessto the capital markets of industrial countries. The region has made only limited use ofmarket-based income-hedging devices (such as product insurance and forward markets)despite its vulnerability to international price developments. Accordingly capital marketsin the region are assumed to have not effectively utilized to generate economic growthdue to structural and cultural factors albeit their potential prospects. Hence this studyanalyses and measures the historical impact of capital market development on theeconomic growth of four leading countries in the MENA region; Egypt and Tunisia (asnon-oil driven economies); and Saudi Arabia and Kuwait (as oil exporter economies). Inorder to achieve the research aim, a quantitative method approach is adopted.Using 13 time periods (years) from 2002 to 2014 as the annual time-series data of thefour countries, this study focuses on indicators that reflect the state of development ofthe capital market. This study used four variables as a General Index proxy for capitalmarket development; (1) market capitalization ratio to GDP, (2) value of shares traded,(3) Number of shares traded, and (4) number of transactions, while gross domesticproduct (GDP) was used as a proxy for economic growth. In addition, the study used sixmacroeconomic variables as control variables, including (GDP/capita), saving rate ratioto GDP, investment rate ratio to GDP, interest rates, inflation, and exchange rates. Thedata of this study were analysed using Ordinary Least Squares (OLS) regression toexamine the capital market development and economic growth relationship for the fourcountries. Pooled OLS regression analysis was adopted to examine the effects ofdevelopment of the capital market on the economic growth of the countries as a group.The results of OLS regression indicate that the Egyptian capital market development hadsignificant effects on economic growth, although there were mixed results whendifferent proxies of capital market development indicators were used. In Tunisia, SaudiArabia, and Kuwait, the level of capital market development had little influence oneconomic growth, and most of the results were insignificant when different proxies ofcapital market development indicators were used. However, using the OLS regressionanalysis model for the four countries combined showed that the development of thecapital market had a significant impact on the economic growth of these countries. Thisstudy concluded that economic policy options consistent with maximizing economicperformance and aiming at elevating economic growth should be developed through theintegration of capital markets of the region. Therefore, policy makers should provideincentives to integrate the capital markets and unify economic structures where possible,by diverting funds to investment to further stimulate the growth of their economies." @default.
• W207979929 created "2016-06-24" @default.
• W207979929 creator A5015870045 @default.
• W207979929 date "2017-01-01" @default.
• W207979929 modified "2023-09-27" @default.
• W207979929 title "The impact of capital market development on economic growth among MENA region countries" @default.
• W207979929 cites W1140107768 @default.
• W207979929 cites W1480883396 @default.
• W207979929 cites W1480993352 @default.
• W207979929 cites W1487826971 @default.
• W207979929 cites W1495656322 @default.
• W207979929 cites W1503449067 @default.
• W207979929 cites W1522238894 @default.
• W207979929 cites W1534321480 @default.
• W207979929 cites W1544303898 @default.
• W207979929 cites W1546852854 @default.
• W207979929 cites W1547253197 @default.
• W207979929 cites W1549858045 @default.
• W207979929 cites W1557085122 @default.
• W207979929 cites W1571142392 @default.
• W207979929 cites W1583013028 @default.
• W207979929 cites W1585516222 @default.
• W207979929 cites W1587988098 @default.
• W207979929 cites W1588180235 @default.
• W207979929 cites W159709398 @default.
• W207979929 cites W1603522096 @default.
• W207979929 cites W1605086802 @default.
• W207979929 cites W1606377008 @default.
• W207979929 cites W163028145 @default.
• W207979929 cites W1714723801 @default.
• W207979929 cites W1840218356 @default.
• W207979929 cites W1887332343 @default.
• W207979929 cites W18986644 @default.
• W207979929 cites W1945199243 @default.
• W207979929 cites W1965516070 @default.
• W207979929 cites W1966276403 @default.
• W207979929 cites W1970448347 @default.
• W207979929 cites W1970552113 @default.
• W207979929 cites W1970635216 @default.
• W207979929 cites W1970655212 @default.
• W207979929 cites W1980234498 @default.
• W207979929 cites W1986943398 @default.
• W207979929 cites W1987451721 @default.
• W207979929 cites W1994327765 @default.
• W207979929 cites W1994932257 @default.
• W207979929 cites W1998777920 @default.
• W207979929 cites W1999840323 @default.
• W207979929 cites W2004398460 @default.
• W207979929 cites W2007624460 @default.
• W207979929 cites W2010498578 @default.
• W207979929 cites W2010802592 @default.
• W207979929 cites W2012517759 @default.
• W207979929 cites W2012712694 @default.
• W207979929 cites W2013124435 @default.
• W207979929 cites W2014006441 @default.
• W207979929 cites W201838796 @default.
• W207979929 cites W2020167931 @default.
• W207979929 cites W2025839191 @default.
• W207979929 cites W2026092445 @default.
• W207979929 cites W2028423797 @default.
• W207979929 cites W2029068491 @default.
• W207979929 cites W2029856294 @default.
• W207979929 cites W2030115763 @default.
• W207979929 cites W2035088174 @default.
• W207979929 cites W2037645566 @default.
• W207979929 cites W2046741777 @default.
• W207979929 cites W2055933360 @default.
• W207979929 cites W2059280293 @default.
• W207979929 cites W2061792682 @default.
• W207979929 cites W2062848406 @default.
• W207979929 cites W2064984736 @default.
• W207979929 cites W2067658873 @default.
• W207979929 cites W2072009250 @default.
• W207979929 cites W2073047742 @default.
• W207979929 cites W2073873644 @default.
• W207979929 cites W2077918282 @default.
• W207979929 cites W2078006101 @default.
• W207979929 cites W2078065427 @default.
• W207979929 cites W2080708425 @default.
• W207979929 cites W2088081006 @default.
• W207979929 cites W2090721537 @default.
• W207979929 cites W2097493311 @default.
• W207979929 cites W2098455240 @default.
• W207979929 cites W2100643218 @default.
• W207979929 cites W2101990542 @default.
• W207979929 cites W2102358005 @default.
• W207979929 cites W2105659309 @default.
• W207979929 cites W2106747387 @default.
• W207979929 cites W2115013622 @default.
• W207979929 cites W2115455254 @default.
• W207979929 cites W2121144503 @default.
• W207979929 cites W2122832081 @default.
• W207979929 cites W2122838852 @default.
• W207979929 cites W2126937861 @default.
• W207979929 cites W2127017335 @default.
• W207979929 cites W2128545275 @default.
• W207979929 cites W2129400295 @default.
• W207979929 cites W2132444226 @default.
• W207979929 cites W2138643950 @default.
• W207979929 cites W2142296610 @default.

• next