Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - In: Economic Modelling 43 (2014) C, pp. 267-278
We investigate the effect of financial development on economic growth in the context of Saudi Arabia, an oil-rich economy. In doing so, we distinguish between the effects of financial development on the oil and non-oil sectors of the economy. Using the Autoregressive Distributed Lag (ARDL)...