The impact of capital market on the economic growth in Oman

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 g rowth in Oman. The data were collected from...

Full description

Saved in:
Bibliographic Details
Published inFinancial Studies Vol. 23; no. 2 (84); pp. 117 - 129
Main Authors Alam, Md. Shabbir, Hussein, Muawya Ahmed
Format Journal Article
LanguageEnglish
Published Bucharest Romanian Academy, National Institute of Economic Research (INCE), "Victor Slăvescu" Centre for Financial and Monetary Research 2019
Subjects
Capital market
Central Bank of Oman
GDP
Muscat security market (MSM)
Online AccessGet full text

Cover

More Information
Summary: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 g rowth 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 gr eater emphasis on fi nancial sector development with special focus on capital market development to ensure economic growth.
ISSN:2066-6071
2066-6071