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The Impact Of Capital Market On The Economic Growth In Oman

Author

Listed:
  • ALAM, Md. Shabbir

    (Department of Finance and Economics, CCBA, Dhofar University, Oman.)

  • HUSSEIN, Muawya Ahmed

    (Department of Finance and Economics, CCBA, Dhofar University, Oman.)

Abstract

This paper investigated the effect of capital market on Omani economic growth using real Gross Domestic Product (GDP) as representative for economic growth. The main objective of the paper is to scan the impact of Muscat Security Market (MSM) on economic growth in Oman. The data were collected from the different official MSM annual reports, Central Bank of Oman annual reports and the World Bank Development Reports. The technique applied involved the use of multiple regression analysis to find the influence of the capital market on the Omani GDP. The analysis so far confirmed that there is a positive relationship between capital market and economic growth in Oman for the investigated period. So, it is recommended that, Oman should place greater emphasis on financial sector development with special focus on capital market development to ensure economic growth.

Suggested Citation

  • ALAM, Md. Shabbir & HUSSEIN, Muawya Ahmed, 2019. "The Impact Of Capital Market On The Economic Growth In Oman," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 23(2), pages 116-129, June.
    • Handle: RePEc:vls:finstu:v:23:y:2019:i:2:p:116-129
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    References listed on IDEAS

    as
    1. Levine, Ross & Zervos, Sara, 1996. "Stock Market Development and Long-Run Growth," The World Bank Economic Review, World Bank Group, vol. 10(2), pages 323-339, May.
    2. Hassan, M. Kabir & Sanchez, Benito & Yu, Jung-Suk, 2011. "Financial development and economic growth: New evidence from panel data," The Quarterly Review of Economics and Finance, Elsevier, vol. 51(1), pages 88-104, February.
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    Cited by:

    1. Oladapo Fapetu & Segun Michael Ojo & Adekunle Alexander Balogun & Adeoba Adepoju Asaolu, 2022. "Capital Market Performance and Macroeconomic Dynamics in Nigeria," Papers 2207.00773, arXiv.org.

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    More about this item

    Keywords

    Muscat security market (MSM); Capital market; GDP; Central Bank of Oman;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G1 - Financial Economics - - General Financial Markets

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