نوع مقاله : مقاله پژوهشی

نویسندگان

1 عضو هیئت علمی دانشکده اقتصاد دانشگاه خوارزمی، تهران، ایران

2 عضو هیئت علمی دانشکده اقتصاد و مدیریت دانشگاه جامع امام حسین (ع)، تهران، ایران

3 دانش‌آموخته کارشناسی ارشد رشته اقتصاد اسلامی، دانشگاه خوارزمی

چکیده

توسعه مالی و رشد اقتصادی در ادبیات اقتصادی توجه افراد زیادی را به خود معطوف کرده است. هدف این مطالعه بررسی رابطه‌ی بین تأمین مالی و رشد اقتصادی با تأکید بر بانک و‌ بازار سرمایه در کشورهای اسلامی طی سال‌های 2016-2000 با استفاده از روش گشتاورهای تعمیم‌‌‌یافته (GMM) می‌باشد. نتایج حاصله نشان می‌دهد که بازار سرمایه و بانک تأثیر مثبت و معناداری بر رشد اققتصادی دارد و بازار بیمه تأثیر معناداری بر رشد اقتصادی ندارد. این نتایج نشان می‌دهد که بازارهای سرمایه و بانک نقش مهمی در حمایت از رشد اقتصادی دارند و با وجود اندازه نسبتاً کوچک بازارهای مالی در مقایسه با اقتصاد، بازارهای فوق تأثیر مثبتی بر روی رشد اقتصادی دارند. بنابراین بسیاری از کشورهای اسلامی که از رشد پایین رنج می‌برند، می‌توانند دایره بخش بانکی خود را از طریق ارتقاء محیط قانونی، نظارتی و زیربنایی توسعه دهند. همچنین با توجه پتانسیل بازار سرمایه در تحریک رشد اقتصادی و افزایش اشتغال، توجه به این بازار و بسترسازی جهت توسعه آن نیز می‌تواند تأثیر مثبت و معناداری بر بهبود وضعیت متغیرهای کلان اقتصادی و در نتیجه بهبود وضعیت رفاه اقتصادی این کشورها داشته باشد.

کلیدواژه‌ها

عنوان مقاله [English]

Islamic finance and economic growth with emphasis on banks and stock market, evidence from Muslim countries

نویسندگان [English]

  • hossein amiri 1
  • mohsen Rezaii mirghaed 2
  • Mohamad nasr Esfahani 1
  • Raheleh Heidari Gharehsou 3

1 Faculty member of Economics, Kharazmi University, Tehran, Iran

2 Faculty member of Economics and Management, Emam Hossein University, Tehran, Iran

3 MA in Economics, University of Kharazmi.

چکیده [English]

Establishing justice and reducing economic inequalities are important goals of the Islamic Shari'a and, moreover, the Islamic economy. The purpose of this paper is to examine financing and economic growth with an emphasis on the bank and capital market in Muslim countries in the years 2016-2000 using the generalized method of moments (GMM). The results show that the effect of stock market and bank on economic growth is positive and significant and only insurance market has not had a significant effect on economic growth. These results indicate that stock markets and credit markets play a significant and different role in supporting economic growth. Despite the relatively small size of Islamic banks compared to the economy and the overall size of the financial system, these banks have a positive effect on economic growth. Therefore, many Islamic countries suffering from low growth should expand their banking sector through the promotion of regulatory, regulatory and infrastructure environments. Considering the potential of the stock market in stimulating economic growth and increasing employment, paying attention to this market and establishing it for its development can have a positive and significant effect on improving the situation of macroeconomic variables and as a result of improving the economic well-being of the country.

کلیدواژه‌ها [English]

  • Private credit
  • Turnover ratio
  • life insurance
  • economic growth
  • Finance

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