A Study of Financial Development Impact on Economic Growth: A Comparison Between Egypt and Saudi Arabia

Dirar Abdul-Hamid Al-Toum Al-Otaibi, Hossam Hosney Abdul Aziz, Shady Mohamed Shawky Abdel-mawgoud


Economic growth is always seen as one of the chief economic goals countries try to achieve, in order to develop its economics. Economic growth takes different forms following the varying economic theories, and it's mostly defined as achieving increase in average share of individual from the real gross national income at certain time period. One of the most frequently used indexes to measure economic growth is: Measuring economic growth based on the expected – no the real – income, especially in countries that possess rich resources. And based on gross domestic product at fixed price and one year, and the average individual share from real income.

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DOI: https://doi.org/10.5430/rwe.v12n4p94

Research in World Economy
ISSN 1923-3981(Print)ISSN 1923-399X(Online)


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