Year: 2025
Type: article
Abstract: The aim of this study is to analyze the relationship between financial development and economic growth in Saudi Arabia over the period 1990-2022).The integration results depict the existence of a long-term equilibrium relationship between financial development and economic growth.The findings of the study confirm strong positive and statistically significant relationship between financial development and economic growth in Saudi Arabia.Our regression result indicates that broad money is key factor of economic growth in Saudi Arabia.In addition, domestic credit to the private sector stimulates economic growth.The study recommends efficient financial and sound macroeconomic policies.
Author: Abdur Rahman Mohamed Mohamed Saeed
Language: English
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4409212024