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The Short Run and Long Run Causality between Financial Development and Economic Growth in the Middle East

Karim Eslamloueyan; Emad Aldeen Sakhaei

Volume 16, Issue 46 , April 2011, , Pages 61-76

Abstract
  Using panel data error correction models, we investigate the short- and long-run causality between financial development and economic growth in the Middle East. Three different indicators are used to measure financial developments. Generalized Least Square (GLS) method with cross-section Seemingly Unrelated ...  Read More