HAMDI, Helmi; SBIA, Rashid; TAS, Bedri - Volkswirtschaftliche Fakultät, … - 2012
The aim of this paper is to investigate the causal relationship between financial development and economic growth in GCC countries for the period 1980-2010. To this end we use a multivariate vector autoregressive (VAR) framework by including investment as an additional variable to the finance...