... and nonhydrocarbon economic growth. Design/methodology/approach The research uses quarterly data from 2007 to 2019 and adopts autoregressive distributed lag cointegration techniques to test the long- and short-run dynamic relationship between various measures of financial development and economic growth...

... indexes are FTSE Islamic except for Pakistan and Indonesia. Evidence was obtained through the application of correlation, unit root, Johansen cointegration and Granger causality tests. Findings This study documents the results of the integration of ICMs based on developmental stage, geographic...