International Journal of Economics, Finance and Management Sciences

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A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth

Received: 09 April 2015    Accepted: 10 April 2015    Published: 21 August 2015
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Abstract

This paper examines the dynamic interactions between Islamic Finance and economic growth by employing panel data econometrics, the Cointegration test and Unit root tests to see whether the financial system influences growth and growth transforms the operation of the financials system in the long-run. We use panel data of total Islamic bank financing and real GDP per capita, fixed investment, and other variables to represent real economic sectors. We found that in the short-run only fixed investment that granger cause Islamic bank where as in the long-run, there is evidence of a bidirectional relationship between Islamic Finance and fixed investment and there is evidence to support demand following hypothesis of GDP and Islamic Finance, where increase in GDP causes Islamic banking

DOI 10.11648/j.ijefm.s.2015030502.11
Published in International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 5-2, September 2015)

This article belongs to the Special Issue Islamic Finance System and Economic Growth: Theory and Empirical Studies

Page(s) 1-6
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Islamic Finance, Economic Growth, Causality, Panel Data Econometric

References
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Author Information
  • Departmentof Quantitative Methods, Higher Institute of society Administration, Gafsa, Tunisa

  • Departmentof Quantitative Methods, Economics and Management Faculty of Sousse, Sousse, Tunisia

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  • APA Style

    Tarek Sadraoui, Hanen Hleli. (2015). A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth. International Journal of Economics, Finance and Management Sciences, 3(5-2), 1-6. https://doi.org/10.11648/j.ijefm.s.2015030502.11

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    ACS Style

    Tarek Sadraoui; Hanen Hleli. A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth. Int. J. Econ. Finance Manag. Sci. 2015, 3(5-2), 1-6. doi: 10.11648/j.ijefm.s.2015030502.11

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    AMA Style

    Tarek Sadraoui, Hanen Hleli. A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth. Int J Econ Finance Manag Sci. 2015;3(5-2):1-6. doi: 10.11648/j.ijefm.s.2015030502.11

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  • @article{10.11648/j.ijefm.s.2015030502.11,
      author = {Tarek Sadraoui and Hanen Hleli},
      title = {A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {3},
      number = {5-2},
      pages = {1-6},
      doi = {10.11648/j.ijefm.s.2015030502.11},
      url = {https://doi.org/10.11648/j.ijefm.s.2015030502.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijefm.s.2015030502.11},
      abstract = {This paper examines the dynamic interactions between Islamic Finance and economic growth by employing panel data econometrics, the Cointegration test and Unit root tests to see whether the financial system influences growth and growth transforms the operation of the financials system in the long-run. We use panel data of total Islamic bank financing and real GDP per capita, fixed investment, and other variables to represent real economic sectors. We found that in the short-run only fixed investment that granger cause Islamic bank where as in the long-run, there is evidence of a bidirectional relationship between Islamic Finance and fixed investment and there is evidence to support demand following hypothesis of GDP and Islamic Finance, where increase in GDP causes Islamic banking},
     year = {2015}
    }
    

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    AU  - Tarek Sadraoui
    AU  - Hanen Hleli
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    JF  - International Journal of Economics, Finance and Management Sciences
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    AB  - This paper examines the dynamic interactions between Islamic Finance and economic growth by employing panel data econometrics, the Cointegration test and Unit root tests to see whether the financial system influences growth and growth transforms the operation of the financials system in the long-run. We use panel data of total Islamic bank financing and real GDP per capita, fixed investment, and other variables to represent real economic sectors. We found that in the short-run only fixed investment that granger cause Islamic bank where as in the long-run, there is evidence of a bidirectional relationship between Islamic Finance and fixed investment and there is evidence to support demand following hypothesis of GDP and Islamic Finance, where increase in GDP causes Islamic banking
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