دور الائتمان المصرفي في تحقيق النمو الاقتصادي في الاقتصاد الليبي للفترة 2000 – 2023

Abstract

The study aimed to measure the impact of—and the relationship between bank credit extended to economic and service activities and government investment spending on economic growth in the Libyan economy during the period 2000–2023, and an analysis of the evolution of and growth rates for—non-oil GDP, bank credit extended to economic and service activities, and government investment spending within the Libyan economy for the period (2000–2023), to achieve this objective, the study employed the Augmented Dickey-Fuller (ADF) test to determine the stationarity of the study variables, followed by the Autoregressive Distributed Lag (ARDL) model. The study found that the relationship between economic growth and bank credit extended to economic and service activities exhibited a negative sign in the short run, A positive and significant relationship was found between economic growth and government investment spending in the short run; likewise, a positive and significant relationship was found in the long run between economic growth and both bank credit extended to economic and service activities and government investment spending.