The relationships between economic growth, financial deepening, and information and communication technology
The impact of financial deepening and the use of information and communication technology (ICT) in Lebanon"s economy is empirically investigated by estimating a Vector Error Correction Model (VECM) using data from 1993 to 2009. In the short-run, our empirical results show that neither financial...
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2014
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| Online Access: | http://hdl.handle.net/10725/3691 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.dbpia.co.kr/Journal/ArticleDetail/NODE02457420 |
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| _version_ | 1864513461734604800 |
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| author | Fakih, Ali |
| author2 | Abosedra, Salah |
| author2_role | author |
| author_facet | Fakih, Ali Abosedra, Salah |
| author_role | author |
| dc.creator.none.fl_str_mv | Fakih, Ali Abosedra, Salah |
| dc.date.none.fl_str_mv | 2014 2016-05-06T09:54:44Z 2016-05-06T09:54:44Z 2016-05-06 |
| dc.identifier.none.fl_str_mv | 1226-4261 http://hdl.handle.net/10725/3691 Abosedra, S., & Fakih, A. (2014). The relationships between economic growth, financial deepening, and information and communication technology: Empirical evidence from Lebanon. Journal of Economics Research, 19(1), 1-17. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.dbpia.co.kr/Journal/ArticleDetail/NODE02457420 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Journal of Economics Research |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | The relationships between economic growth, financial deepening, and information and communication technology Empirical evidence from Lebanon |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | The impact of financial deepening and the use of information and communication technology (ICT) in Lebanon"s economy is empirically investigated by estimating a Vector Error Correction Model (VECM) using data from 1993 to 2009. In the short-run, our empirical results show that neither financial deepening nor ICT seems to impact economic growth. However, there is a unidirectional causality running from economic growth to financial deepening implying that the `demand-following" hypothesis, in which financial development is a by-product of growth, is supported in the case of Lebanon. In the long-run, economic growth is found to be strongly related to financial deepening and ICT levels. This suggests the absence of evidence for a dampening effect from either financial deepening or ICT developments on cyclical fluctuations in the shortrun, but strong effects in the long-run growth in Lebanon. A major implication of our results is that growth volatility reductions in Lebanon expected from developments of financial markets, or ICT will be slow to materialize. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_6ad2a0996fd9387e4d703e4e1a7b5501 |
| identifier_str_mv | 1226-4261 Abosedra, S., & Fakih, A. (2014). The relationships between economic growth, financial deepening, and information and communication technology: Empirical evidence from Lebanon. Journal of Economics Research, 19(1), 1-17. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/3691 |
| publishDate | 2014 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | The relationships between economic growth, financial deepening, and information and communication technologyEmpirical evidence from LebanonFakih, AliAbosedra, SalahThe impact of financial deepening and the use of information and communication technology (ICT) in Lebanon"s economy is empirically investigated by estimating a Vector Error Correction Model (VECM) using data from 1993 to 2009. In the short-run, our empirical results show that neither financial deepening nor ICT seems to impact economic growth. However, there is a unidirectional causality running from economic growth to financial deepening implying that the `demand-following" hypothesis, in which financial development is a by-product of growth, is supported in the case of Lebanon. In the long-run, economic growth is found to be strongly related to financial deepening and ICT levels. This suggests the absence of evidence for a dampening effect from either financial deepening or ICT developments on cyclical fluctuations in the shortrun, but strong effects in the long-run growth in Lebanon. A major implication of our results is that growth volatility reductions in Lebanon expected from developments of financial markets, or ICT will be slow to materialize.PublishedN/A2016-05-06T09:54:44Z2016-05-06T09:54:44Z20142016-05-06Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1226-4261http://hdl.handle.net/10725/3691Abosedra, S., & Fakih, A. (2014). The relationships between economic growth, financial deepening, and information and communication technology: Empirical evidence from Lebanon. Journal of Economics Research, 19(1), 1-17.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttp://www.dbpia.co.kr/Journal/ArticleDetail/NODE02457420enJournal of Economics Researchinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/36912021-03-19T09:10:04Z |
| spellingShingle | The relationships between economic growth, financial deepening, and information and communication technology Fakih, Ali |
| status_str | publishedVersion |
| title | The relationships between economic growth, financial deepening, and information and communication technology |
| title_full | The relationships between economic growth, financial deepening, and information and communication technology |
| title_fullStr | The relationships between economic growth, financial deepening, and information and communication technology |
| title_full_unstemmed | The relationships between economic growth, financial deepening, and information and communication technology |
| title_short | The relationships between economic growth, financial deepening, and information and communication technology |
| title_sort | The relationships between economic growth, financial deepening, and information and communication technology |
| url | http://hdl.handle.net/10725/3691 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.dbpia.co.kr/Journal/ArticleDetail/NODE02457420 |