Abstract

With the aim to evaluate the correlation between the exports of Middle Eastern countries and financial sector development, this study explains the relationship between the Institutional environment, Business environment, Financial stability, Financial Banking Services, Financial Non-banking Services, Financial markets and Financial access with the exports of Middle Eastern countries in 6 selected countries during the years 2008 to 2011. This research is applied based on the objective, has the library type based on the data collection and is among the correlative studies based on the method; it seeks to explain the relationship and calculate the amount of correlation and coefficients of each of the independent variables with the energy consumption by using the econometric models. Data and information needed for the research are collected based on the method of document library studies and the information related to the research variables are extracted by referring to the websites of International Association of Economics and UNCTAD Organization. First, the reliability or stability of variables used in various forms was determined by using the reliability determining tests such as the Dickey-Fuller unit root test. The accuracy test of classical assumptions was done for estimated functions and assurance of desired estimations accuracy and assurance of estimated relationship and long-term and balance coefficients of independent variables. Evaluation of stability (Durability or reliability) of variables was done by EViews software and the statistics R2, F and Durbin-Watson were used in the analysis as the outputs of software. As the main result, it should be mentioned that the financial sector development has a significant and positive correlation with the exports of Middle Eastern countries.

Keywords:

Financial development, financial intermediations-financial access, employment,

References

Competing interests

The authors have no competing interests.

Open Access Policy

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Copyright

The authors have no competing interests.