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CROSSREF CITATIONS3
CROSSREF · CITED PUBLICATIONS100.0%
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Crossref citation coverage: 1 / 1 publications (100.0%). Latest observation: 21 Oct 2026, 00:21 UTC. Means and percentages use records with known counts.

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1 publications

JOURNAL ARTICLE

What is the role of Financial Development and Energy Consumption on Economic Growth?

Doaa Mohamed Salman · Eyad Atya

International Journal of Finance & Banking Studies · 2014

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This paper aims to test the validity of the causality between financial development and economic growth on energy consumption in three of North African countries. The study employs error coreection model and Granger causaility test to analyza a dataset for three North African countries covering a period from 1980 to 2010. The applied model is based on demand function for energy to assess the existing of causal relationship of energy with financial development, and economic growth, in Algeria, Egypt, and Tunisia. Empirical results provide a positive significant relating financial development and energy consumption in Algeria, and Tunisia. On the other hand, Egypt’s results show a negative significant relationship relating energy consumption and financial development. The paper is valuable to policy makers in North African countries in their pursuit for achieving economic growth as it clarifies the urge for the financial development reforms to stimulate investment and growth.

DOI 10.20525/ijfbs.v3i1.1753 Crossref citations3 OpenAlex citations