ItemBook Chapter

The Impact of Cryptocurrency Trading on Economic Growth in GCC Countries: An Empirical Analysis

Title
The Impact of Cryptocurrency Trading on Economic Growth in GCC Countries: An Empirical Analysis
Creator
Nomran, Naji Mansour; Shaikh, Zakir Hossen; Irfan, Mohammad; Vemavarapu, Koteswara Rao; Anto, Manolo L.
Description
This study explores the impact of cryptocurrency trading on economic growth in Gulf Cooperation Council (GCC) countries from 2016 to 2019, with GDP as the measure of economic growth. The analysis reveals a substantial positive relationship between cryptocurrency trading volume and GDP using Ordinary Least Squares (OLS) and Generalized Linear Models (GLM) regression techniques. The analysis underscores the role of increased cryptocurrency market activity in fostering economic growth and advancing the GCC economies integration into global financial frameworks. This highlights the transformative potential of cryptocurrencies as a driver of economic progress within the region. The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
Source
Studies in Big Data;Volume;170;pp.643-650
Date
01-01-2025
Publisher
Springer Science and Business Media Deutschland GmbH
Subject
Blockchain technology; Cryptocurrency trading; GCC countries; GDP
Coverage
Nomran N.M., Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa, Bahrain; Shaikh Z.H., Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa, Bahrain; Irfan M., Christ University, Bangalore, India; Vemavarapu K.R., School of Business & Logistics Bahrain Polytechnic, Isa Town, Bahrain; Anto M.L., Department of Business Management, College of Business Administration, Kingdom University, Riffa, Bahrain
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISSN: 21976503;
Format
online
Language
English
Type
Book chapter

Citation

Nomran, Naji Mansour; Shaikh, Zakir Hossen; Irfan, Mohammad; Vemavarapu, Koteswara Rao; Anto, Manolo L., “The Impact of Cryptocurrency Trading on Economic Growth in GCC Countries: An Empirical Analysis,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 18, 2026, https://archives.christuniversity.in/items/show/23998.

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