Abstract
Theoretically, the literature indicates that financial development has a positive effect on investment. therefore this study aim to determine the impact of the financial development on investment banking in iraq, during the semi-annual period (2005-2021) using autoregressive distributed lag (ardl), and using the toda yamamoto causal test, the result of the bound test (ardl) showed a long-term cointegration relationship between variables , the model showed that the financial depth positively affect the investment banks against the negative effect of the long-term financial stability index, while toda yamamoto causal test showed that there is no causal relationship between financial development and investment banking.
DOI
10.33095/n7rh5z07
Subject Area
Economics
First Page
335
Last Page
348
Rights
Copyright (c) 2024 Journal of Economics and Administrative Sciences
Recommended Citation
Yahya, Y. G., & Salman Al-Kubaisi, M. S. (2024). The Impact of Financial Development on Bank Investment in Iraq. Journal of Economics and Administrative Sciences, 30(141), 335-348. https://doi.org/10.33095/n7rh5z07
