The Impact of Economic Growth on Financial Performance in GCC Countries

Document Type : Research Paper

Authors

ESCT, University of Manouba, LARIMRAF, Campus universitaire la Manouba, Manouba, Tunisia.

10.22059/ier.2025.358834.1007709

Abstract

This study presents empirical findings on the relationship between financial performance and economic growth for Golf Cooperation countries panel generalized method of moments (GMM) between 2000 and 2019. The results show that banking performance, human capital, investment, trade openness, and inflation have significant positive impacts on economic growth. Robustness tests support the main findings. The relationship between banking performance and trade openness also contributes to economic growth. The study emphasizes the importance of effective banking performance, human capital, investment, and trade openness for long-term economic growth. The findings are relevant for policymakers and practitioners in the Gulf Cooperation Council countries.

Keywords

Main Subjects

References

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Iranian Economic Review
Volume 29, Issue 2
June 2025
Pages 623-644

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