The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen

Kajian ini mengkaji secara empirikal kesan kebergantugan kepada sumber asli ke atas pembangunan sektor kewangan di Yaman, dan juga kesannya terhadap hubungan antara pembangunan kewangan dan pertumbuhan sektor. Dengan menggunakan data siri masa untuk tempoh tahun 1980-2012 dan kaedah Autoregressive D...

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Main Author:	Badeeb, Ramez Abubakr
Format:	Thesis
Language:	English
Published:	2016
Subjects:	H1-99 Social sciences (General)
Online Access:	http://eprints.usm.my/32247/1/RAMEZ_ABUBAKR_BADEEB_24%28NN%29.pdf
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id	my-usm-ep.32247
record_format	uketd_dc
spelling	my-usm-ep.322472019-04-12T05:25:17Z The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen 2016-07 Badeeb, Ramez Abubakr H1-99 Social sciences (General) Kajian ini mengkaji secara empirikal kesan kebergantugan kepada sumber asli ke atas pembangunan sektor kewangan di Yaman, dan juga kesannya terhadap hubungan antara pembangunan kewangan dan pertumbuhan sektor. Dengan menggunakan data siri masa untuk tempoh tahun 1980-2012 dan kaedah Autoregressive Distributed Lag (ARDL), keputusan kajian ini menunjukkan bahawa kebergantungan kepada sumber asli menghalang tahap pembangunan sektor kewangan di Yaman. Di samping itu, kebergantungan kepada sumber asli juga melemahkan kecekapan sektor kewangan. Keupayaan sektor kewangan untuk menyalurkan tabungan kepada pelaburan menjadi lemah, di mana sumbangan sektor swasta dalam process pembangunan menjadi terhad. Kebergantugan kepada sumber asli di Yaman juga meninggalkan satu kesan yang nyata iaitu sektor kewangan gagal menunjukkan peranannya dalam pertumbuhan sektor benar (i.e., sektor pertanian dan sektor pembuatan). Akhir sekali, kebergantungan kepada sumber asli juga didapati mempengaruhi secara langsung ke atas pertumbuhan sektor pertanian dan pembuatan di mana ia menunjukkan bahawa sumpahan sumber asli berfungsi melalui mekanisma “Dutch disease”. This study aims to empirically examine the impact of natural resource dependence on the financial development in Yemen, as well as on the relationship between financial development and sectoral growth. Using time series data over the period 1980-2012, along with the Autoregressive Distributed Lag (ARDL) approach; the study finds that natural resource dependence hampers the level of financial sector development in Yemen. Additionally, the study reveals that the natural resource dependence weakens the relationship between financial development and growth. This effect is transmitted through the quantitative channel rather than the qualitative channel. Moreover, natural resource dependence has a significant negative impact on the growth of the agriculture and manufacturing sectors. These findings are a clear manifestation that the natural resource curse in Yemen works through the Dutch disease mechanism. 2016-07 Thesis http://eprints.usm.my/32247/ http://eprints.usm.my/32247/1/RAMEZ_ABUBAKR_BADEEB_24%28NN%29.pdf application/pdf en public phd doctoral Universiti Sains Malaysia Pusat Pengajian Sains Kemasyarakatan (School of Social Sciences)
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	H1-99 Social sciences (General)
spellingShingle	H1-99 Social sciences (General) Badeeb, Ramez Abubakr The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen
description	Kajian ini mengkaji secara empirikal kesan kebergantugan kepada sumber asli ke atas pembangunan sektor kewangan di Yaman, dan juga kesannya terhadap hubungan antara pembangunan kewangan dan pertumbuhan sektor. Dengan menggunakan data siri masa untuk tempoh tahun 1980-2012 dan kaedah Autoregressive Distributed Lag (ARDL), keputusan kajian ini menunjukkan bahawa kebergantungan kepada sumber asli menghalang tahap pembangunan sektor kewangan di Yaman. Di samping itu, kebergantungan kepada sumber asli juga melemahkan kecekapan sektor kewangan. Keupayaan sektor kewangan untuk menyalurkan tabungan kepada pelaburan menjadi lemah, di mana sumbangan sektor swasta dalam process pembangunan menjadi terhad. Kebergantugan kepada sumber asli di Yaman juga meninggalkan satu kesan yang nyata iaitu sektor kewangan gagal menunjukkan peranannya dalam pertumbuhan sektor benar (i.e., sektor pertanian dan sektor pembuatan). Akhir sekali, kebergantungan kepada sumber asli juga didapati mempengaruhi secara langsung ke atas pertumbuhan sektor pertanian dan pembuatan di mana ia menunjukkan bahawa sumpahan sumber asli berfungsi melalui mekanisma “Dutch disease”. This study aims to empirically examine the impact of natural resource dependence on the financial development in Yemen, as well as on the relationship between financial development and sectoral growth. Using time series data over the period 1980-2012, along with the Autoregressive Distributed Lag (ARDL) approach; the study finds that natural resource dependence hampers the level of financial sector development in Yemen. Additionally, the study reveals that the natural resource dependence weakens the relationship between financial development and growth. This effect is transmitted through the quantitative channel rather than the qualitative channel. Moreover, natural resource dependence has a significant negative impact on the growth of the agriculture and manufacturing sectors. These findings are a clear manifestation that the natural resource curse in Yemen works through the Dutch disease mechanism.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Badeeb, Ramez Abubakr
author_facet	Badeeb, Ramez Abubakr
author_sort	Badeeb, Ramez Abubakr
title	The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen
title_short	The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen
title_full	The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen
title_fullStr	The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen
title_full_unstemmed	The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen
title_sort	relationship between natural resource dependence, financial sector development and sectoral growth: the case of republic of yemen
granting_institution	Universiti Sains Malaysia
granting_department	Pusat Pengajian Sains Kemasyarakatan (School of Social Sciences)
publishDate	2016
url	http://eprints.usm.my/32247/1/RAMEZ_ABUBAKR_BADEEB_24%28NN%29.pdf
_version_	1747820552748269568

The Relationship Between Natural Resource Dependence, Financial Sector Development And Sectoral Growth: The Case Of Republic Of Yemen

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