المستخلص: |
There no consensus on the relationship between financial integration and economic growth. Studies of this nexus have shown underwhelming results. In one hand, some of the studies have indicated that the liberalization of the capital account have been positive for the economical growth; and in the other hand, other studies results were not conclusive. Thus, the main objective of this work is to examine, theoretically and empirically, the character of the link between financial integration and economic growth by using panel data from 1981-2019 period. In the following studies, we will focus on gulf counties (Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and United Arab Emirates). The results of the study show a positive and significant link between the financial integration and the economic growth in these counties under some financial, macroeconomic and institutional condition.
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