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Searching for the finance–growth nexus in Libya
, Article Empirical Economics ; Volume 58, Issue 2 , 2020 , Pages 567-581 ; Rahmati, M. H ; Sharif University of Technology
Springer
2020
Abstract
This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970–2016, providing new insights from a resource-dependent economy. The empirical results vary with estimation methodology and model specification, but indicate no long-run relationship between financial intermediation and nonhydrocarbon output growth. The OLS estimation shows that financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, both the VAR- and ARDL-based estimations present statistically insignificant results, albeit still attaching a negative coefficient to financial intermediation. It...
Studying Short-Run and Long-Run Relationship between Real Exchange Rate and Real GDP in Iran
, M.Sc. Thesis Sharif University of Technology ; Nili, Masoud (Supervisor)
Abstract
Exchange rate is one of the macroeconomic variables that can affect domestic product, economic growth and unemployment. Since macroeconomics wants to explain inflation, unemployment and economic growth, exchange rate is one of the most important macroeconomic variables. In economic literature, many studies have been performed to investigate the linkage between Real Exchange Rate (RER) and other real economic variables (such as domestic product, unemployment, etc.). In this study, we first construct the RER for the economy of Iran and then, using Vector Error Correction Model (VECM), short-run and long-run relations between RER and Gross Domestic Product (GDP) is evaluated.
The results of...
The results of...