A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth

Tarek Sadraoui; Hanen Hleli

doi:doi:10.11648/j.ijefm.s.2015030502.11

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A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth

Tarek Sadraoui, Hanen Hleli

Published in International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 5-2)

Received: 9 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

Published in	International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 5-2) This article belongs to the Special Issue Islamic Finance System and Economic Growth: Theory and Empirical Studies
DOI	10.11648/j.ijefm.s.2015030502.11
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), 2015. Published by Science Publishing Group

Keywords

Islamic Finance, Economic Growth, Causality, Panel Data Econometric

References

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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://article.sciencepublishinggroup.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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TY  - JOUR
T1  - A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth
AU  - Tarek Sadraoui
AU  - Hanen Hleli
Y1  - 2015/08/21
PY  - 2015
N1  - https://doi.org/10.11648/j.ijefm.s.2015030502.11
DO  - 10.11648/j.ijefm.s.2015030502.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 1
EP  - 6
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.s.2015030502.11
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
VL  - 3
IS  - 5-2
ER  -

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Author Information

Tarek Sadraoui

Departmentof Quantitative Methods, Higher Institute of society Administration, Gafsa, Tunisa
Hanen Hleli

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

Copy | Download

@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://article.sciencepublishinggroup.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}
}

Copy | Download

TY  - JOUR
T1  - A Dynamic Panel Data Analysis for Islamic Finance and Economic Growth
AU  - Tarek Sadraoui
AU  - Hanen Hleli
Y1  - 2015/08/21
PY  - 2015
N1  - https://doi.org/10.11648/j.ijefm.s.2015030502.11
DO  - 10.11648/j.ijefm.s.2015030502.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 1
EP  - 6
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.s.2015030502.11
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
VL  - 3
IS  - 5-2
ER  -

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