...
首页> 外文期刊>Journal of international commerce, economics and policy >Do Financial Development, Trade Openness and Political Stability Complement for Egypt's Economic Growth?
【24h】

Do Financial Development, Trade Openness and Political Stability Complement for Egypt's Economic Growth?

机译:为埃及经济增长做金融发展,贸易开放和政治稳定性补充吗?

获取原文
获取原文并翻译 | 示例
           

摘要

This study examines the complement of financial development, trade openness, political stability and integrating government expenditure on Egyptian economy using time series annual data covering the period 1977 until 2018. This study used the ARDL-ECM estimates to determine the long and short-run cointegration between the series. The estimated results indicated that the financial development enhances growth in the long-run, while the political stability undermined the economic growth in the long-run. Interestingly, we found financial development, trade openness and government expenditure Granger cause economic growth in the short-run, while political stability Granger causes economic growth in both short and long-run; and a similar result with the causal relationship appeared in the strong causal relationship condition. Overall, this study showed that both financial development and trade openness gave evidence of causing growth, but the political stability does not. Thus, the reform policies should continue, while adopting measures to ensure that all the determinants are complementing to growth in Egypt as they are all pivotal and it is imperative for policy analysts to put into perspective when formulating policies as the study captures a novel political stability variable towards growth.
机译:本研究探讨了金融发展,贸易开放,政治稳定和融合了埃及经济的政府支出的补充,使用时间序列年度数据占1977年至2018年。本研究使用了ARDL-ECM估计来确定长期和短期的协整系列之间。估计结果表明,金融发展促进了长期增长,而政治稳定削弱了长期经济增长。有趣的是,我们发现金融发展,贸易开放和政府支出格兰杰在短期内导致经济增长,而政治稳定格兰杰均导致短期和长期的经济增长;与因果关系相似的结果出现在强劲的因果关系条件下。总体而言,这项研究表明,金融发展和贸易开放都提供了造成增长的证据,但政治稳定性并非如此。因此,改革政策应继续,同时采取措施,确保所有决定因素都在埃及的增长,因为它们都是关键的,并且政策分析师必须在制定政策时投入视角,因为研究捕捉新的政治稳定变化成长。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号