The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain

There is immense and sturdy evidence that financial sector development affects economic growth for various samples across countries or regions. However, most of the studies researched the impact of the banking and stock market financing on economic growth. Less attention has been paid to links betwe...

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Main Author:	Shamsul Bahrain, Samhah Shakirah
Format:	Thesis
Language:	English
Published:	2021
Subjects:	Economic development Development economics Economic growth
Online Access:	https://ir.uitm.edu.my/id/eprint/105165/1/105165.pdf
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id	my-uitm-ir.105165
record_format	uketd_dc
spelling	my-uitm-ir.1051652024-11-08T09:58:03Z The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain 2021 Shamsul Bahrain, Samhah Shakirah Economic development. Development economics. Economic growth There is immense and sturdy evidence that financial sector development affects economic growth for various samples across countries or regions. However, most of the studies researched the impact of the banking and stock market financing on economic growth. Less attention has been paid to links between financial derivatives and economic growth. Thus, this paper aims to explores the relationship between the financial derivatives and the economic growth of Asian countries. This study relies on the relationship between the independent variable, namely commodity futures, stock index futures, domestic credit to private sector, inflation (consumer price index), real interest rate, and trade openness, and the dependent variable of economic growth, proxy by GDP per capita growth, in four Asian countries for the period of 2011 until 2020. The relationship between each independent variable on the dependent variables, has been tested using a multiple regression model. The result of this study shows that in the selected four Asian countries, the stock index futures, inflation (consumer price index), and trade openness have a significant relationship with the economic growth. This result is in line with a study done by Sendeniz-Yuncu et al. (2007) and Vo et al. (2019), as both studies found out that these three variables have a significant relationship with GDP. In addition, this paper concludes with several recommendations for policy- and decision-makers that may help promote the use of derivatives markets to boost economic growth together with some recommendations for future studies. 2021 Thesis https://ir.uitm.edu.my/id/eprint/105165/ https://ir.uitm.edu.my/id/eprint/105165/1/105165.pdf text en public degree Universiti Teknologi MARA, Johor Faculty of Business and Management Misman, Faridah Najuna Abd. Rahman, Nor Hadaliza Mohd Yusoff, Yuslizawati Md Lazan, Rohanizan
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Misman, Faridah Najuna Abd. Rahman, Nor Hadaliza Mohd Yusoff, Yuslizawati Md Lazan, Rohanizan
topic	Economic development Development economics Economic growth
spellingShingle	Economic development Development economics Economic growth Shamsul Bahrain, Samhah Shakirah The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain
description	There is immense and sturdy evidence that financial sector development affects economic growth for various samples across countries or regions. However, most of the studies researched the impact of the banking and stock market financing on economic growth. Less attention has been paid to links between financial derivatives and economic growth. Thus, this paper aims to explores the relationship between the financial derivatives and the economic growth of Asian countries. This study relies on the relationship between the independent variable, namely commodity futures, stock index futures, domestic credit to private sector, inflation (consumer price index), real interest rate, and trade openness, and the dependent variable of economic growth, proxy by GDP per capita growth, in four Asian countries for the period of 2011 until 2020. The relationship between each independent variable on the dependent variables, has been tested using a multiple regression model. The result of this study shows that in the selected four Asian countries, the stock index futures, inflation (consumer price index), and trade openness have a significant relationship with the economic growth. This result is in line with a study done by Sendeniz-Yuncu et al. (2007) and Vo et al. (2019), as both studies found out that these three variables have a significant relationship with GDP. In addition, this paper concludes with several recommendations for policy- and decision-makers that may help promote the use of derivatives markets to boost economic growth together with some recommendations for future studies.
format	Thesis
qualification_level	Bachelor degree
author	Shamsul Bahrain, Samhah Shakirah
author_facet	Shamsul Bahrain, Samhah Shakirah
author_sort	Shamsul Bahrain, Samhah Shakirah
title	The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain
title_short	The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain
title_full	The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain
title_fullStr	The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain
title_full_unstemmed	The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain
title_sort	relationship between financial derivatives and economic growth: a study on asian countries / samhah shakirah shamsul bahrain
granting_institution	Universiti Teknologi MARA, Johor
granting_department	Faculty of Business and Management
publishDate	2021
url	https://ir.uitm.edu.my/id/eprint/105165/1/105165.pdf
_version_	1818588138281369600

The relationship between financial derivatives and economic growth: a study on Asian countries / Samhah Shakirah Shamsul Bahrain

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