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 growth in Oman. The data were collected from...

Full description

Saved in:
Bibliographic Details
Published in:Financial Studies 2019-01, Vol.23 (2), p.116-129
Main Authors: Alam, Md Shabbir, Hussein, Muawya Ahmed
Format: Article
Language:English
Subjects:
Annual reports
Capital markets
Central banks
Economic growth
Electronic trading systems
Financial services
GDP
Gross Domestic Product
Growth rate
Hypotheses
Investments
Regression analysis
Securities industry
Securities markets
Stock exchanges
Time series
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
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 growth 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 greater emphasis on financial sector development with special focus on capital market development to ensure economic growth.
ISSN:2066-6071