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Stock Market Influence on Domestic Savings in Egypt: Structural Modelling Dynamics
Faculty
Commerce
Year:
2024
Type of Publication:
ZU Hosted
Pages:
Authors:
Ramy Hosny Mahfouz Elazhary
Staff Zu Site
Abstract In Staff Site
Journal:
مجلة البحوث التجارية كلية التجارة - جامعة الزقازيق
Volume:
46
Keywords :
Stock Market Influence , Domestic Savings , Egypt:
Abstract:
The increasing domestic resources gap and its potential negative impacts on macroeconomic variables and economic stability in Egypt exerted significant pressure on providing necessary finance to support economic growth and achieve acceptable levels of prosperity. This raises the critical question about the role of financial markets in acting as intermediaries in aggregating domestic savings, especially the stock market. Thus, this study seeks to examine the role of the Egyptian stock exchange in mobilizing domestic savings using a structural equations model SEM and a path analysis approach through monthly data from 2015 to 2023. A system of four structural equations was constructed to investigate the role the stock market could play in mobilizing domestic savings amid the dynamics of financial markets. The study found a positive role that the stock exchange could play compared to the banking sector in mobilizing savings and the mechanism of its influence on changes in nominal and real interest rates and the inflation rate. The model incorporated the crowding-out effect that could occur in markets and the different impacts of various groups' ability to bear risks. This contributes to our understanding of financial markets and ther mechanism of influence, supporting their pivotal role in financial intermediation, leading to improved opportunities for economic growth and financial stability.
Author Related Publications
Ramy Hosny Mahfouz Elazhary, "Quantifying Climate Risks: SVAR Analysis on Inflation and Economic Growth in Egypt", كلية التجارة - جامعة المنصورة, 2023
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Ramy Hosny Mahfouz Elazhary, "Finance-growth nexus: financial deepening for economic growth: evidence from Egypt", Faculty of Commerce, Benha University. Egypt, 2017
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Ramy Hosny Mahfouz Elazhary, "The Role of Inclusive Growth in Egyptian Economy", Mansoura University and Delta University of Science and Technology, 2012
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Ramy Hosny Mahfouz Elazhary, "تحديد حجم الاستثمار في رأس المال البشري اللازم لاستيعاب الثورة الصناعية الرابعة Determining the Level of Investment in Human Capital Required to Embrace the Fourth Industrial Revolution", 2024
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Ramy Hosny Mahfouz Elazhary, "Government Spending and Regional Poverty Alleviation: Evidence from Egypt", Springer Nature, 2024
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Department Related Publications
Dina Nabil Mohammed Ahmed Shahwani, "THE POTENTIAL ECONOMIC IMPACTS OF THE PROPOSED DEVELOPMENT CORRIDOR IN EGYPT: AN INTERREGIONAL CGE APPROACH", University of Sao Paulo Brazil, 2015
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Wafaa Mohamed Mohamed Salman, "محددات التلوث البيئى فى مصر بالتركيز على الوقود الأحفورى", المجلة العربية للأدارة, 2017
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Mohamed sultan ahmed aboalla, "الثقافة العربية الإسلامية والتنمية الاقتصادية", مجمع اللغة العربية, 2008
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Mahmoud Ibrahiem Aboelewn, "Towards A Multilateral Understanding of Developing Countries Debt Crises", مجلة مصر المعاصرة, 1987
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Iyad Mohammed Attia Attia, "Causality between petroleum consumption and economic growth: Empirical evidence from Egypt", المنظمة العربية للتنمية الادارية, 2013
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