Assessing the impact of institutional and political factors on financial development in selected Islamic countries
| Autor: | Morteza Ezzati, lotfali agheli, Vajihe Karami |
|---|---|
| Jazyk: | perština |
| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | پژوهشهای برنامه و توسعه, Vol 1, Iss 2, Pp 35-60 (2020) |
| Druh dokumentu: | article |
| ISSN: | 2645-7466 2717-0365 |
| DOI: | 10.22034/pbr.2020.104641 |
| Popis: | Assessing the impact of institutional and political factors on financial development in selected Islamic countriesThis study evaluates the institutional factors affecting on financial development in selected Islamic countries including Iran, Algeria, Egypt, Saudi Arabia, Turkey, Pakistan, Bangladesh, Indonesia, Kazakhstan and Malaysia. There are various institutions that can effect on the economy performance. Indicators are available to illustrate these factors, such as indicators of good governance, democratic governance, ease of business, and openness of the economy, which are referred to as institutional variables. In this study, these indicators have been used. The experimental model of this study is estimated using data from the period 2006 to 2016 using the EGLS regression method. The results show that the indicators of good governance, ease of business, economic liberalization, private sector share of financial sector and inflation rate have a positive and significant effect on the combined financial development index. In contrast, the Democracy Index has had a negative impact on financial development. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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