The Impact of the Development of the Banking Sector in Rentier Countries on Economic Growth In Light of Recurrent Crises

Husam Abbas Ali

Abstract:

This study showed how the impact of the banking sector in rentier countries on economic growth for the period from 2004-2020, for each of Iraq, Qatar, Algeria, Libya, Kuwait, using the (Panel Data Regression Models) method. And it found the weak development of the banking sector in general in the rentier countries, and the lack of impact of the development of the lending interest rate and the number of bank branches on economic growth, while it found that domestic credit is directly related to economic growth, in addition to that the crises of international oil prices have negatively affected the development of the banking sector From one period to another, the banking sector’s connection with government activities has increased as a result of the weakness of the rest of the economic sectors.