| Description |
1 online resource : color illustrations |
| Series |
IMF working paper ; WP/13/92 |
|
IMF working paper ; WP/13/92.
|
| Contents |
Cover; Contents; I. Introduction; II. A Synopsis of Libya's Financial System; Figures; 1. A Snapshot of Financial Intermediation, 1970-2010; III. A Brief Overview of the Literature; IV. Empirical Methodology; V. Data; VI. Empirical Results; 2. Financial Development and Economic Growth, 1970-2010; Tables; 1. Determinants of Real Nonhydrocarbon GDP Growth, 1970-2010; 2. Johansen Cointegration Test Results; 3. VAR Model of Real Nonhydrocarbon GDP Growth, 1970-2010; VII. Conclusion; Appendix Tables and Figures; A1. Augmented Dickey-Fuller Test; A2. Summary Statistics |
| Summary |
"This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970-2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of 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, the VAR-based estimations present statistically insignificant results, albeit still attaching a negative coefficient to financial intermediation. It appears that nonhydrocarbon economic activity depends largely on government spending, which is in turn determined by the country's hydrocarbon earnings"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed May 1, 2013) |
|
"Middle East and Central Asia Department"--Page 2 of pdf |
|
"May 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (pages 18-20) |
| Subject |
Intermediation (Finance) -- Libya
|
|
Financial institutions -- Libya -- Evaluation
|
|
Economic development -- Libya
|
|
Economic development
|
|
Financial institutions -- Evaluation
|
|
Intermediation (Finance)
|
|
Libya
|
| Form |
Electronic book
|
| Author |
Rahmati, Mohammad, author.
|
|
International Monetary Fund. Middle East and Central Asia Department.
|
| ISBN |
9781484396063 |
|
1484396065 |
|
9781484366783 |
|
1484366786 |
|
9781484385883 |
|
1484385888 |
|
