الوساطة المالية وأثرها على النمو الإقتصادي - دراسة قياسية لحالة الدول ذات الدخل المتوسط خلال الفترة(1990-2020)

Abstract

This study aimed to measure the effect of financial intermediation on economic growth in middle-income countries through a benchmark study that included (13) middle-income countries during the period (1990-2020), using an autoregressive model with distributed delays for panel data (panel -ARDL). ), and the results concluded that the best model for middle-income countries through the Haussmann test is the compact middle group (PMG) model. The results of the study showed the existence of a long-term relationship between the domestic credit index provided to the private sector that expresses financial intermediation on economic growth, while the causal test revealed a two -way causal relationship between financial intermediation and economic growth . Keywords: economic growth; financial intermediation; joint integration; Form (panel ARDL).