A study on finance-growth nexus in dual financial system countries: evidence from Bahrain

A study on finance-growth nexus in dual financial system countries: evidence from Bahrain

This study is aimed at examining the long run and short run relationships between both Islamic and conventional financial development with the economic growth in the Bahrain dual financial system. Using quarterly data (2000:1-2010:4) retrieved from Monthly Statistical Bulletin of Central bank of Bah...

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Main Authors: Abduh, Muhamad, Brahim, Said, Omar, Mohd. Azmi
Format: Article
Language:English
Published: IDOSI Publication 2012
Subjects:
BP173.75 Islam and economics
HG1501 Banking
Online Access:http://irep.iium.edu.my/28687/
http://irep.iium.edu.my/28687/
http://irep.iium.edu.my/28687/1/Abduh%2C_Brahim%2C_Omar.pdf
id iium-28687
recordtype eprints
spelling iium-286872013-06-11T11:04:28Z http://irep.iium.edu.my/28687/ A study on finance-growth nexus in dual financial system countries: evidence from Bahrain Abduh, Muhamad Brahim, Said Omar, Mohd. Azmi BP173.75 Islam and economics HG1501 Banking This study is aimed at examining the long run and short run relationships between both Islamic and conventional financial development with the economic growth in the Bahrain dual financial system. Using quarterly data (2000:1-2010:4) retrieved from Monthly Statistical Bulletin of Central bank of Bahrain (CBB) and International Financial Statistics (IFS) of International Monetary Funds (IMF), this paper employs the Johanson and Juselius Cointegration test and Vector Error Correction Model (VECM) to uncover the long-run and short-run relationship between Islamic and conventional financial deepening and economic growth. The results show a significant positive relationship between Islamic finance deepening and economic growth in the long run, however, there is no evidence on the short run relationship between them. The Islamic finance relationship with economic growth in Bahrain appears to be a bi-directional relationship. On the other hand, Bahraini conventional finance has a significant relationship with their economic growth, both in the long run and short run. IDOSI Publication 2012-08-20 Article PeerReviewed application/pdf en http://irep.iium.edu.my/28687/1/Abduh%2C_Brahim%2C_Omar.pdf Abduh, Muhamad and Brahim, Said and Omar, Mohd. Azmi (2012) A study on finance-growth nexus in dual financial system countries: evidence from Bahrain. World Applied Sciences Journal , 20 (8). pp. 1166-1174. ISSN 1818-4952 http://idosi.org/wasj/wasj20(8)12/15.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic BP173.75 Islam and economics
HG1501 Banking
spellingShingle BP173.75 Islam and economics
HG1501 Banking
Abduh, Muhamad
Brahim, Said
Omar, Mohd. Azmi
A study on finance-growth nexus in dual financial system countries: evidence from Bahrain
description This study is aimed at examining the long run and short run relationships between both Islamic and conventional financial development with the economic growth in the Bahrain dual financial system. Using quarterly data (2000:1-2010:4) retrieved from Monthly Statistical Bulletin of Central bank of Bahrain (CBB) and International Financial Statistics (IFS) of International Monetary Funds (IMF), this paper employs the Johanson and Juselius Cointegration test and Vector Error Correction Model (VECM) to uncover the long-run and short-run relationship between Islamic and conventional financial deepening and economic growth. The results show a significant positive relationship between Islamic finance deepening and economic growth in the long run, however, there is no evidence on the short run relationship between them. The Islamic finance relationship with economic growth in Bahrain appears to be a bi-directional relationship. On the other hand, Bahraini conventional finance has a significant relationship with their economic growth, both in the long run and short run.
format Article
author Abduh, Muhamad
Brahim, Said
Omar, Mohd. Azmi
author_facet Abduh, Muhamad
Brahim, Said
Omar, Mohd. Azmi
author_sort Abduh, Muhamad
title A study on finance-growth nexus in dual financial system countries: evidence from Bahrain
title_short A study on finance-growth nexus in dual financial system countries: evidence from Bahrain
title_full A study on finance-growth nexus in dual financial system countries: evidence from Bahrain
title_fullStr A study on finance-growth nexus in dual financial system countries: evidence from Bahrain
title_full_unstemmed A study on finance-growth nexus in dual financial system countries: evidence from Bahrain
title_sort study on finance-growth nexus in dual financial system countries: evidence from bahrain
publisher IDOSI Publication
publishDate 2012
url http://irep.iium.edu.my/28687/
http://irep.iium.edu.my/28687/
http://irep.iium.edu.my/28687/1/Abduh%2C_Brahim%2C_Omar.pdf
first_indexed 2023-09-18T20:42:14Z
last_indexed 2023-09-18T20:42:14Z
_version_ 1777409441807728640

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