Gazdar, Kaouthar and Hassan, M. Kabir and Safa, M. Faisal and Grassa, Rihab,(2018), Oil price volatility, Islamic financial development and economic growth in Gulf Cooperation Council (GCC) countries. , Borsa Istanbul Review, UNSPECIFIED
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Abstract
This paper investigates the relationship between oil terms of trade growth volatility and economic growth in the GCC countries. Further it
explores the possible effect of Islamic financial development on such relationship. By analyzing a sample of five GCC countries over the period
of 1996e2016, we find empirical evidence of a significant positive relationship between oil terms of trade growth volatility and economic
growth. Our results also indicate that the effect of oil terms of trade growth volatility on growth is reinforced by the development of Islamic
financial system.
Keywords : | Islamic financial development; Oil volatility; Growth volatility, UNSPECIFIED |
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Journal or Publication Title: | Borsa Istanbul Review |
Volume: | UNSPECIFIED |
Number: | UNSPECIFIED |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Nila Nurjanah |
Date Deposited: | 19 Dec 2019 08:02 |
Last Modified: | 19 Dec 2019 08:02 |
URI: | https://repofeb.undip.ac.id/id/eprint/449 |