Quality of Institutions, ICT Diffusion and Financial Development: An Empirical Evidence from Developing Countries

2021 ◽  
pp. 471-486
Author(s):  
Fatma Cherni ◽  
Mohamed Goaied ◽  
Adel Sarea
Keyword(s):  
Developing Countries ◽  
Empirical Evidence ◽  
Financial Development ◽  
Quality Of Institutions

The Political Economy of Trust

2019 ◽  
pp. 627-648
Author(s):  
Christian Bjørnskov
Keyword(s):  
Political Economy ◽  
Public Choice ◽  
Empirical Evidence ◽  
Government Policy ◽  
Social Trust ◽  
The Political ◽  
Institutional Changes ◽  
Reverse Causality ◽  
Quality Of Institutions

This chapter provides a selective survey of the literature on social trust in public choice and political economy. It outlines the empirical evidence and discusses theoretical channels through which social trust can affect the quality of institutions and policies, and the conditions under which such mechanisms are likely to work. It also addresses the discussion of reverse causality, that is, whether good institutions or policies actively create trust. It then discusses whether trust can be created or destroyed by activist government policy or accidental institutional changes. Its main focus is on the set of theories and evidence of the association between social trust and institutions of governance.

scholarly journals The determinants of the global competitiveness of the economy: a dynamic panel approach applied to the WAEMU country

2020 ◽  
Author(s):  
Moussa SIGUE
Keyword(s):  
Financial Development ◽  
External Pressure ◽  
Commercial Policy ◽  
Economic Openness ◽  
Dynamic Panel ◽  
Global Competitiveness ◽  
Quality Of Institutions ◽  
Generalized Moments ◽  
Internal Absorption

Abstract This article examines the determinants of the overall competitiveness of the WAEMU economy from a dynamic panel approach over the period 2011–2017. The estimate by the method of generalized moments in system (GMM) Reveled that the delayed competitiveness of a period financial development, GDP per head, internal absorption and taxes on foreign trade affects positively and significantly the overall competitiveness of the WAEMU countries while economic openness, the rate of inflation and the quality of institutions have contributed negative and significant. It emerges from this work that an improvement in the overall competitiveness of the Union's economy imperatively requires accelerating the process of development of quality, the financial system as well as protecting local industries from external pressure to through a more adequate commercial policy taking into account the constraints linked to commercial agreements.

scholarly journals Financial development and economic growth: Role of institutional quality

2009 ◽  
Vol 56 (3) ◽  
pp. 327-357 ◽  
Author(s):  
Abdelkarim Yahyaoui ◽  
Atef Rahmani
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Human Capital ◽  
Panel Data ◽  
Financial Development ◽  
Institutional Quality ◽  
The Real ◽  
Development Institutions

The objective of our work is to show the importance of a healthy institutional framework in the finance-growth relation. In this context, we start by presenting, a theoretical lighting on this subject while trying to define the concept of the governorship and to determine its various measurements. Then, we empirically test a model of growth of Solow increased by the human capital, treating relation between financial development, institutions and economic growth. The various estimates were made by Panel data Methods over the period of 1990 to 2006 for 22 developing countries. Following these estimates, it seems that the quality of the institutions is regarded as an important factor which must not be neglected in the study of the relation between the financial sphere and the real sphere.

Bank-based financial development and economic growth

2014 ◽  
Vol 6 (2) ◽  
pp. 112-132 ◽  
Author(s):  
Sheilla Nyasha ◽  
Nicholas M Odhiambo
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Empirical Evidence ◽  
Causal Relationship ◽  
Financial Development ◽  
Design Methodology ◽  
Prima Facie ◽  
Content Type ◽  
Clear Cut ◽  
Finance Growth Nexus

Purpose – The purpose of this paper was to survey the existing literature on the causal relationship between bank-based financial development and economic growth, highlighting the theoretical and empirical evidence from recent work. Although some previous studies have attempted to conduct a survey of the existing research on the finance-growth nexus, the majority of these studies have failed to distinguish between bank-based and market-based financial developments. To our knowledge, this may be the first study of its kind to survey the existing research on the causal relationship between bank-based financial development and economic growth – in both developed and developing countries. Design/methodology/approach – Overall, our study shows that most of the literature reviewed in this paper either supports bidirectional causality between bank-based financial development and economic growth or reinforces the conventional supply-leading response phenomenon. Notwithstanding this outcome, the study also finds the literature in favour of a demand-following response to be increasing – in both number and substance – especially in recent years. Findings – The paper, therefore, concludes that the causal relationship between financial development and economic growth is not clear-cut and that the notion that financial development automatically leads to economic growth is merely based on prima facie or superficial evidence. Originality/value – Although some previous studies have attempted to conduct a survey of the existing research on the finance-growth nexus, the majority of these studies have failed to distinguish between bank-based and market-based financial developments. To our knowledge, this may be the first study of its kind to survey the existing research on the causal relationship between bank-based financial development and economic growth – in both developed and developing countries.

scholarly journals Global Imbalances: The Role of Institutions, Financial Development and FDI in the Context of Financial Crises

2021 ◽  
Vol 13 (1) ◽  
pp. 356
Author(s):  
Carlos A. Silva ◽  
Xavier Ordeñana ◽  
Paul Vera-Gilces ◽  
Alfredo Jiménez
Keyword(s):  
Financial Crisis ◽  
Financial Development ◽  
Current Account ◽  
Global Financial Crisis ◽  
Quality Of Institutions ◽  
Current Account Imbalances ◽  
The Global Financial Crisis ◽  
Current Account Balances

This paper examines the role of the quality of institutions, financial development and FDI on current account imbalances, which narrowed during the Global Financial Crisis. In doing so, we utilize (i) a sample of 49 advanced and emerging economies during 1984–2014; (ii) a novel three-clustered indices of institutional quality and (iii) two measures of financial development, the share of FDI and a measure of financial crisis in addition to standard determinants of the current account. We find that the better the quality of institutions and the greater the financial development, the larger are current account deficits; meanwhile, FDI contributes to boost current account balances. Moreover, financial crisis episodes tend to improve current account balances, particularly for countries that are highly open to trade and to receive FDI, as in the case of advanced economies and East Asian countries.

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