Finance-Growth Nexus and dual-banking systems : relative importance of Islamic banks
MetadataShow full item record
This paper investigates the relative importance of Islamic banks, alongside their conventional counterparts, in relation to banking and financial development and economic welfare. Using a sample of 22 Muslim countries, with dual-banking systems, during the period 1999–2011, this paper reports some significant positive relationship between the market share of Islamic banks and the development of financial intermediation, financial deepening and economic welfare, particularly in low income or predominantly Muslim countries, and countries with a comparatively higher uncertainty avoidance index. Additionally, the results reveal that a greater market share of Islamic banks is associated with higher efficiency of conventional banks.
Abedifar , P , Hasan , I & Tarazi , A 2016 , ' Finance-Growth Nexus and dual-banking systems : relative importance of Islamic banks ' Journal of Economic Behavior and Organization , vol In Press . DOI: 10.1016/j.jebo.2016.03.005
Journal of Economic Behavior and Organization
Copyright © 2016 Published by Elsevier B.V. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://dx.doi.org/10.1016/j.jebo.2016.03.005
Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.