{"id":"https://openalex.org/W18986644","doi":null,"title":"An Investigation of the Relationshipbetween Capital Market Developmentand Economic Growth :the Case of Saudi Arabia","display_name":"An Investigation of the Relationshipbetween Capital Market Developmentand Economic Growth :the Case of Saudi Arabia","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W18986644","mag":"18986644"},"language":"en","primary_location":{"id":"pmh:oai:eprints.vu.edu.au:25918","doi":null,"is_oa":true,"landing_page_url":"https://vuir.vu.edu.au/25918/","pdf_url":"https://vuir.vu.edu.au/25918/1/ALSHAMMARY%20Meshaal-thesis_nosignature.pdf","source":{"id":"https://openalex.org/S4306400215","display_name":"Victoria University Research Repository (Victoria University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I41156924","host_organization_name":"Victoria University of Wellington","host_organization_lineage":["https://openalex.org/I41156924"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://vuir.vu.edu.au/25918/1/ALSHAMMARY%20Meshaal-thesis_nosignature.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5000300952","display_name":"Meshaal J. Alshammary","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Meshaal J. Alshammary","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5000300952"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":3,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9613999724388123,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9613999724388123,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.0142000000923872,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0044999998062849045,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-market-development","display_name":"capital market development","score":1.0},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9990000128746033},{"id":"https://openalex.org/keywords/saudi-arabia","display_name":"Saudi Arabia","score":0.7739999890327454},{"id":"https://openalex.org/keywords/stock-market","display_name":"stock market","score":0.7110000252723694},{"id":"https://openalex.org/keywords/bank-credit-to-private-sector","display_name":"bank credit to private sector","score":0.9160000085830688},{"id":"https://openalex.org/keywords/bank-lending","display_name":"bank lending","score":0.4269999861717224},{"id":"https://openalex.org/keywords/small-business-lending","display_name":"small business lending","score":0.7059999704360962},{"id":"https://openalex.org/keywords/stock-market-volatility","display_name":"stock market volatility","score":0.7440000176429749},{"id":"https://openalex.org/keywords/corporate-investment","display_name":"corporate investment","score":0.3959999978542328},{"id":"https://openalex.org/keywords/short-run-and-long-run-causality","display_name":"long-run and short-run causality","score":0.6809999942779541}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.682119607925415},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.5740529298782349},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5738847851753235},{"id":"https://openalex.org/C134024062","wikidata":"https://www.wikidata.org/wiki/Q1401229","display_name":"Error correction model","level":3,"score":0.5617368221282959},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.553452730178833},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.5368526577949524},{"id":"https://openalex.org/C181683161","wikidata":"https://www.wikidata.org/wiki/Q7301159","display_name":"Real gross domestic product","level":2,"score":0.5158259272575378},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.515038251876831},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.458607017993927},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.4299580156803131},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.37578028440475464},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3568926453590393},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12268608808517456},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:eprints.vu.edu.au:25918","doi":null,"is_oa":true,"landing_page_url":"https://vuir.vu.edu.au/25918/","pdf_url":"https://vuir.vu.edu.au/25918/1/ALSHAMMARY%20Meshaal-thesis_nosignature.pdf","source":{"id":"https://openalex.org/S4306400215","display_name":"Victoria University Research Repository (Victoria University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I41156924","host_organization_name":"Victoria University of Wellington","host_organization_lineage":["https://openalex.org/I41156924"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},{"id":"mag:18986644","doi":null,"is_oa":false,"landing_page_url":"https://vuir.vu.edu.au/25918/","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:eprints.vu.edu.au:25918","doi":null,"is_oa":true,"landing_page_url":"https://vuir.vu.edu.au/25918/","pdf_url":"https://vuir.vu.edu.au/25918/1/ALSHAMMARY%20Meshaal-thesis_nosignature.pdf","source":{"id":"https://openalex.org/S4306400215","display_name":"Victoria University Research Repository (Victoria University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I41156924","host_organization_name":"Victoria University of Wellington","host_organization_lineage":["https://openalex.org/I41156924"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7257999777793884}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W18986644.pdf","grobid_xml":"https://content.openalex.org/works/W18986644.grobid-xml"},"referenced_works_count":176,"referenced_works":["https://openalex.org/W115634838","https://openalex.org/W121480527","https://openalex.org/W147003368","https://openalex.org/W159709398","https://openalex.org/W331509384","https://openalex.org/W343806625","https://openalex.org/W589469994","https://openalex.org/W591433839","https://openalex.org/W615211325","https://openalex.org/W625898380","https://openalex.org/W634528698","https://openalex.org/W644094724","https://openalex.org/W646848975","https://openalex.org/W1191500231","https://openalex.org/W1481623920","https://openalex.org/W1496447382","https://openalex.org/W1503449067","https://openalex.org/W1506253366","https://openalex.org/W1511570730","https://openalex.org/W1514296636","https://openalex.org/W1529794199","https://openalex.org/W1531234770","https://openalex.org/W1539445916","https://openalex.org/W1540115509","https://openalex.org/W1546852854","https://openalex.org/W1550869236","https://openalex.org/W1555661329","https://openalex.org/W1557535105","https://openalex.org/W1560946795","https://openalex.org/W1567166084","https://openalex.org/W1567674592","https://openalex.org/W1571142392","https://openalex.org/W1574463256","https://openalex.org/W1583013028","https://openalex.org/W1586139963","https://openalex.org/W1587141723","https://openalex.org/W1588163064","https://openalex.org/W1589737347","https://openalex.org/W1619792841","https://openalex.org/W1658152476","https://openalex.org/W1714264005","https://openalex.org/W1803816882","https://openalex.org/W1887313270","https://openalex.org/W1896992559","https://openalex.org/W1966111744","https://openalex.org/W1966910378","https://openalex.org/W1968641947","https://openalex.org/W1972068053","https://openalex.org/W1974440399","https://openalex.org/W1975994995","https://openalex.org/W1984200642","https://openalex.org/W1984305473","https://openalex.org/W1990691193","https://openalex.org/W1991927401","https://openalex.org/W1993536800","https://openalex.org/W1993622537","https://openalex.org/W1995871420","https://openalex.org/W2005574658","https://openalex.org/W2008388155","https://openalex.org/W2009014775","https://openalex.org/W2009127915","https://openalex.org/W2010802592","https://openalex.org/W2014006441","https://openalex.org/W2018944810","https://openalex.org/W2024623582","https://openalex.org/W2025610165","https://openalex.org/W2033041791","https://openalex.org/W2034707435","https://openalex.org/W2035554302","https://openalex.org/W2036954536","https://openalex.org/W2037645566","https://openalex.org/W2038341664","https://openalex.org/W2039882728","https://openalex.org/W2041956749","https://openalex.org/W2042312935","https://openalex.org/W2046335969","https://openalex.org/W2046698522","https://openalex.org/W2051438039","https://openalex.org/W2052546656","https://openalex.org/W2053241257","https://openalex.org/W2055686677","https://openalex.org/W2059683391","https://openalex.org/W2064420728","https://openalex.org/W2069142035","https://openalex.org/W2069488025","https://openalex.org/W2070631858","https://openalex.org/W2071705839","https://openalex.org/W2072009250","https://openalex.org/W2072663348","https://openalex.org/W2073047742","https://openalex.org/W2074804860","https://openalex.org/W2075825177","https://openalex.org/W2077025218","https://openalex.org/W2077358653","https://openalex.org/W2077918282","https://openalex.org/W2078618079","https://openalex.org/W2083179788","https://openalex.org/W2085026187","https://openalex.org/W2088006783","https://openalex.org/W2092772036","https://openalex.org/W2093030468","https://openalex.org/W2095146523","https://openalex.org/W2097580026","https://openalex.org/W2098455240","https://openalex.org/W2098589686","https://openalex.org/W2099268311","https://openalex.org/W2099744804","https://openalex.org/W2102852603","https://openalex.org/W2102897370","https://openalex.org/W2104719896","https://openalex.org/W2110603299","https://openalex.org/W2117455041","https://openalex.org/W2118086896","https://openalex.org/W2121144503","https://openalex.org/W2123158785","https://openalex.org/W2126056361","https://openalex.org/W2129052062","https://openalex.org/W2131878246","https://openalex.org/W2132970177","https://openalex.org/W2140667590","https://openalex.org/W2141703703","https://openalex.org/W2142115742","https://openalex.org/W2143428876","https://openalex.org/W2144752904","https://openalex.org/W2146855196","https://openalex.org/W2151945084","https://openalex.org/W2153541017","https://openalex.org/W2160159951","https://openalex.org/W2160601109","https://openalex.org/W2161013047","https://openalex.org/W2168058661","https://openalex.org/W2168605160","https://openalex.org/W2170009335","https://openalex.org/W2175234993","https://openalex.org/W2177027786","https://openalex.org/W2178225550","https://openalex.org/W2188317397","https://openalex.org/W2189354195","https://openalex.org/W2259382957","https://openalex.org/W2269037231","https://openalex.org/W2297237674","https://openalex.org/W2321970902","https://openalex.org/W2423350482","https://openalex.org/W2554556445","https://openalex.org/W2604568252","https://openalex.org/W2768428592","https://openalex.org/W2781486396","https://openalex.org/W2796635882","https://openalex.org/W2799950348","https://openalex.org/W2885099576","https://openalex.org/W2892057800","https://openalex.org/W2902987049","https://openalex.org/W2992547503","https://openalex.org/W3021643362","https://openalex.org/W3024113314","https://openalex.org/W3121972958","https://openalex.org/W3122267457","https://openalex.org/W3122363154","https://openalex.org/W3122685622","https://openalex.org/W3122790390","https://openalex.org/W3122812532","https://openalex.org/W3123173150","https://openalex.org/W3123667756","https://openalex.org/W3124065147","https://openalex.org/W3124550292","https://openalex.org/W3124560121","https://openalex.org/W3124803532","https://openalex.org/W3125174317","https://openalex.org/W3125398105","https://openalex.org/W3141341243","https://openalex.org/W3141830910","https://openalex.org/W3149419749","https://openalex.org/W3176682987","https://openalex.org/W3195565002","https://openalex.org/W4251823193","https://openalex.org/W7097653829"],"related_works":["https://openalex.org/W1658686711","https://openalex.org/W1514589986","https://openalex.org/W1534321480","https://openalex.org/W3117805303","https://openalex.org/W7215505238","https://openalex.org/W2902096204","https://openalex.org/W2581658593","https://openalex.org/W6980085745","https://openalex.org/W4290609335","https://openalex.org/W1971083576"],"abstract_inverted_index":{"This":[0],"thesis":[1,160],"investigates":[2],"the":[3,16,23,59,101,116,119,130,136,142,157,176,200,210,214,236,248,272,313],"long-term":[4,111],"and":[5,12,38,53,61,76,88,91,135,187,209,217,220,232,245,250,253,285,289,305],"short-term":[6],"relationships":[7,155],"between":[8,129],"capital":[9,64,102,137],"market":[10,65,103,138,178,230],"development":[11,66],"economic":[13,68,86,131,169,173,181,265,269,277],"growth":[14,73,80,87,132,182,266,278],"in":[15,118,156,167,247,303],"Kingdom":[17],"of":[18,34,63,197,202,213,241,283],"Saudi":[19,203],"Arabia":[20],"(KSA)":[21],"for":[22,85,100],"period":[24],"from":[25],"1970":[26],"to":[27,57,94,145,172,184,227,280,297],"2010.":[28],"It":[29],"employs":[30],"a":[31,125],"wide":[32],"range":[33],"vector":[35],"autoregression":[36],"(VAR)":[37,108],"Vector":[39],"Error":[40],"Correction":[41],"(VECM)":[42],"models,":[43],"Unit":[44],"roots":[45],"tests,":[46,49],"optimal":[47],"lag":[48],"Johansen-Juselius":[50],"cointegration":[51],"tests":[52,123],"Granger":[54,121],"causality":[55,122],"testes":[56],"evaluate":[58],"importance":[60],"impact":[62],"on":[67,264],"growth.":[69,174],"Using":[70],"real":[71,77,168],"GDP":[72,79],"rate":[74,81],"(RGDPR)":[75],"non-oil":[78],"(RNOIL)":[82],"as":[83,98,163],"proxies":[84,99],"LM1,":[89],"LM2":[90],"bank":[92,143],"credit":[93,144],"private":[95,146,314],"sector":[96,147,274,315],"(LBCP)":[97],"development.":[104],"The":[105,159],"vector-autoregression":[106],"models":[107,151],"indicates":[109],"significant":[110],"causal":[112,127],"relationship":[113,128],"among":[114],"all":[115,235],"variables":[117],"system.":[120],"show":[124,153],"bidirectional":[126],"variable":[133],"RGDPR":[134],"when":[139,267],"proxied":[140],"by":[141,260],"(LBCP).":[148],"However,":[149],"Error-correction":[150],"results":[152],"no":[154],"short-run.":[158],"implications":[161],"are":[162],"follows.":[164],"Firstly,":[165],"investment":[166,255],"activities":[170],"leads":[171],"Secondly,":[175],"stock":[177,229],"might":[179,275],"hinder":[180,276],"due":[183,279],"its":[185,262,281],"volatile":[186],"international":[188],"risk":[189],"sharing":[190],"nature,":[191],"low":[192],"free-floating":[193,237],"share":[194,238],"ratio,":[195,239],"number":[196,240],"listed":[198,242],"companies,":[199,243],"domination":[201,256],"Individual":[204],"Stock":[205],"Trades":[206],"(SIST)":[207],"characteristics":[208],"small":[211,284,304],"size":[212,244],"least":[215],"active":[216],"limited":[218],"bond":[219,249],"ETF":[221,251],"markets.":[222],"Thirdly,":[223],"policymakers":[224,294],"should":[225,295],"seek":[226,296],"minimise":[228],"volatility":[231],"fluctuations,":[233],"increase":[234],"offering":[246],"markets":[252],"shift":[254],"toward":[257,300],"corporate":[258],"investors":[259],"considering":[261],"effect":[263],"formulating":[268],"policies.":[270],"Fourthly,":[271],"banking":[273],"lack":[282],"medium":[286,306],"enterprises":[287,307],"lending":[288],"shareholder":[290],"concentration":[291],"issues.":[292],"Finally,":[293],"encourage":[298],"banks":[299],"more":[301],"involvement":[302],"SMEs\u2019":[308],"lending,":[309],"which":[310],"will":[311],"strengthen":[312],"role.":[316]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2017,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}