The Impact of Some Financial and Economic Variables on the Levels of Capital Accumulation for the Period (1990-2020) Egypt and Bahrain Case Study

The aim of the research is to find the relationship and the mechanism of impact of macro-financial and economic variables (domestic credit provided to the private sector, trade, exports of goods and services, imports of goods and services, exchange rate, interest rate, foreign direct investment, total savings, inflation, the total value of traded shares) on growth Capital accumulation using theoretical frameworks and empirical studies that dealt with these variables, The most prominent of these is the positive impact of the variable total imports of goods and services (IMP), and domestic credit provided to the private sector (CRI), in the Gross Capital Formation Index (GCF) in the short and long term for both countries, and the research suggested the need to improve import policies by encouraging capital imports that work to increase capital accumulation, and implement reforms related to the financial sector, with regard to banks and financial institutions that support the work of institutions and contribute to Financing and driving investments.

Keywords:

capital accumulation

total imports of goods and services

(ADRL) model

imports of goods and services

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