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Papers by Najeeb Nasir

Research paper thumbnail of 2 A Review of Literature on the Financial Sector , Trade Openness and Economic Growth 2 . 1 Financial Development and Economic Growth

The study investigate the relationship between the financial development, trade openness and econ... more The study investigate the relationship between the financial development, trade openness and economic growth in the Saudi Arabian economy from 1971 to 2012.The paper employed unit root tests, the co-integration test, the Granger Causality Test and the Vector Error Correction Model (VECM). The results from Johansen and Juselius co integration test underpins for the existence of long run relationship among the purported variables.Granger causality test exhibits unidirectional causality running from the trade openness to the economic growth in Saudi Arabia. The economic growth also causes financial development. The results manifest that combined causality exists among the variables. The study advocates for the acceleration of financial development in tandem with enhancing the ambit of trade openness for stimulating the economic growth in the country. JEL classification numbers: F43, 016, C32

Research paper thumbnail of Linkage between Financial Development, Trade Openness and Economic Growth: Evidence from Saudi Arabia

Journal of Applied Finance and Banking, 2015

The study investigate the relationship between the financial development, trade openness and econ... more The study investigate the relationship between the financial development, trade openness and economic growth in the Saudi Arabian economy from 1971 to 2012.The paper employed unit root tests, the co-integration test, the Granger Causality Test and the Vector Error Correction Model (VECM). The results from Johansen and Juselius co integration test underpins for the existence of long run relationship among the purported variables.Granger causality test exhibits unidirectional causality running from the trade openness to the economic growth in Saudi Arabia. The economic growth also causes financial development. The results manifest that combined causality exists among the variables. The study advocates for the acceleration of financial development in tandem with enhancing the ambit of trade openness for stimulating the economic growth in the country.

Research paper thumbnail of Fractal Characteristic Of Tropical Soil At Universiti Teknologi Petronas

Research paper thumbnail of Foreign Direct Investment, Financial Development, and Economic Growth: A Cointegration Model

The Journal of Developing Areas, 2014

This paper examines causalities among foreign direct investment (FDI), economic growth (GTH), and... more This paper examines causalities among foreign direct investment (FDI), economic growth (GTH), and financial development proxied by both equity market size (EQM) and bank credit to private sectors (BANK). We use a structural cointegration model with a vector error correction (VEC) mechanism to test for the short-term dynamics of the model. The results show that there is a reinforcing causal relationship between FDI and EQM, and between EQM and GTH in the short term, and that these variables cointegrate in the long term. As far as practical implications are concerned, the results reinforce that developed financial markets are an essential precondition for the positive impact of FDI on economic growth, reflecting host countries’ ability to exploit FDI more efficiently. Moreover, the paper provides further substance for the notion that a country with a well-developed financial market gains significantly from FDI inflow.

Research paper thumbnail of Producer & Consumer Prices Nexus: ARDL Bounds Testing Approach

International Journal of Marketing Studies, 2009

The present endeavor explores relationship between producer and consumer price indices by employi... more The present endeavor explores relationship between producer and consumer price indices by employing new techniques. We have utilized the time series monthly (1992M1-2007M6) data while ARDL Bounds Testing and Johanson Cointegration Approach is used to determine the long run association and robustness of long run results. Toda & Yamamato (1995) and Variance Decomposition for causal rapport between producer and consumer prices are applied. DF-GLS & Ng-Perron Tests are also applied to inquire the order of integration for running variables. Results have verified the existence of long run relationship between producer and consumer prices, and their association is robust in long span of time in the case of small developing economy like Pakistan. Causal results through Toda and Yamamato's (1995) technique asserts that there is two-way causality but it is stronger from producer to consumer prices and same with Variance Decomposition Method. Finally Feed back impacts show that feedback influence from PPI to CPI is stronger or dominating as compared to feedback from CPI to PPI, which support "Cushing and McGarvey (1990) hypothesis".

Research paper thumbnail of 2 A Review of Literature on the Financial Sector , Trade Openness and Economic Growth 2 . 1 Financial Development and Economic Growth

The study investigate the relationship between the financial development, trade openness and econ... more The study investigate the relationship between the financial development, trade openness and economic growth in the Saudi Arabian economy from 1971 to 2012.The paper employed unit root tests, the co-integration test, the Granger Causality Test and the Vector Error Correction Model (VECM). The results from Johansen and Juselius co integration test underpins for the existence of long run relationship among the purported variables.Granger causality test exhibits unidirectional causality running from the trade openness to the economic growth in Saudi Arabia. The economic growth also causes financial development. The results manifest that combined causality exists among the variables. The study advocates for the acceleration of financial development in tandem with enhancing the ambit of trade openness for stimulating the economic growth in the country. JEL classification numbers: F43, 016, C32

Research paper thumbnail of Linkage between Financial Development, Trade Openness and Economic Growth: Evidence from Saudi Arabia

Journal of Applied Finance and Banking, 2015

The study investigate the relationship between the financial development, trade openness and econ... more The study investigate the relationship between the financial development, trade openness and economic growth in the Saudi Arabian economy from 1971 to 2012.The paper employed unit root tests, the co-integration test, the Granger Causality Test and the Vector Error Correction Model (VECM). The results from Johansen and Juselius co integration test underpins for the existence of long run relationship among the purported variables.Granger causality test exhibits unidirectional causality running from the trade openness to the economic growth in Saudi Arabia. The economic growth also causes financial development. The results manifest that combined causality exists among the variables. The study advocates for the acceleration of financial development in tandem with enhancing the ambit of trade openness for stimulating the economic growth in the country.

Research paper thumbnail of Fractal Characteristic Of Tropical Soil At Universiti Teknologi Petronas

Research paper thumbnail of Foreign Direct Investment, Financial Development, and Economic Growth: A Cointegration Model

The Journal of Developing Areas, 2014

This paper examines causalities among foreign direct investment (FDI), economic growth (GTH), and... more This paper examines causalities among foreign direct investment (FDI), economic growth (GTH), and financial development proxied by both equity market size (EQM) and bank credit to private sectors (BANK). We use a structural cointegration model with a vector error correction (VEC) mechanism to test for the short-term dynamics of the model. The results show that there is a reinforcing causal relationship between FDI and EQM, and between EQM and GTH in the short term, and that these variables cointegrate in the long term. As far as practical implications are concerned, the results reinforce that developed financial markets are an essential precondition for the positive impact of FDI on economic growth, reflecting host countries’ ability to exploit FDI more efficiently. Moreover, the paper provides further substance for the notion that a country with a well-developed financial market gains significantly from FDI inflow.

Research paper thumbnail of Producer & Consumer Prices Nexus: ARDL Bounds Testing Approach

International Journal of Marketing Studies, 2009

The present endeavor explores relationship between producer and consumer price indices by employi... more The present endeavor explores relationship between producer and consumer price indices by employing new techniques. We have utilized the time series monthly (1992M1-2007M6) data while ARDL Bounds Testing and Johanson Cointegration Approach is used to determine the long run association and robustness of long run results. Toda & Yamamato (1995) and Variance Decomposition for causal rapport between producer and consumer prices are applied. DF-GLS & Ng-Perron Tests are also applied to inquire the order of integration for running variables. Results have verified the existence of long run relationship between producer and consumer prices, and their association is robust in long span of time in the case of small developing economy like Pakistan. Causal results through Toda and Yamamato's (1995) technique asserts that there is two-way causality but it is stronger from producer to consumer prices and same with Variance Decomposition Method. Finally Feed back impacts show that feedback influence from PPI to CPI is stronger or dominating as compared to feedback from CPI to PPI, which support "Cushing and McGarvey (1990) hypothesis".

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