Financial Development and Economic Growth: The Mediating Role of Quality of the institutions in Muslim Countries

While there is a consensus on the expanding importance of the China–Africa economic relationship, there is much more debate on how to portray the relationship. Thus, this study is aimed to examine the impacts of the China–Africa trade and Chinese foreign direct investment (FDI) on the growth of African countries controlling the mediating role of institutional quality. The two-step system Generalized method of moments (GMM) model is applied using robust data for the period of 2003–2017. Drawing on complementary theoretical perspectives, this study took into account the conditional effect of China–Africa trade and Chinese FDI subject to the institutional quality of African countries and the interdependence of China–Africa trade and Chinese FDI to African countries. The benign impacts of the China–Africa trade and Chinese FDI on economic growth to African countries remain contingent upon appropriate policy action to improve the institutional quality of African countries and the synergies between the China–Africa trade and Chinese FDI to African countries.

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Financial development and economic growth: Role of institutional quality

Panoeconomicus ◽

10.2298/pan0903327y ◽

2009 ◽

Vol 56 (3) ◽

pp. 327-357 ◽

Cited By ~ 6

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.

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Do institutions, financial and trade openness matter for financial development? Evidence from Muslim Countries

10.21203/rs.3.rs-22372/v1 ◽

2020 ◽

Author(s):

Amjad Ali ◽

Faqeer Muhammad ◽

Rehmat Karim

Keyword(s):

Panel Data ◽

Financial Development ◽

Random Effect ◽

Trade Openness ◽

Law And Order ◽

Financial Openness ◽

Development Indicators ◽

Muslim Countries

Abstract This study investigates the influence of institutional, financial openness and trade openness on financial development in the case of 26 Muslim countries. For this purpose, panel data have been taken from world development indicators for the period 2002-2014 and the panel data model has been estimated using fixed effect random effect models. The findings of this paper have highlighted the role of institutions, trade and financial openness in financial development. The results show that the quality of institution, trade openness and economic growth have significant and positive effect on financial development. Keeping in view the results, it is recommended that Muslim countries should focus on adopting free trade policies, maintaining law and order situation, elimination of corruption and enhancing the quality of institutions for financial sector development.

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Unleashing the Indirect Influence of FDI in Environmental Degradation via Financial Development and Economic Growth. New Evidence from Asian Countries

10.21203/rs.3.rs-32631/v2 ◽

2021 ◽

Author(s):

Ghulam Muhmmad Qamri ◽

Bing Sheng ◽

Rana Ejaz Ali Khan ◽

Wasisfah Hanim

Keyword(s):

Economic Growth ◽

Foreign Direct Investment ◽

Financial Development ◽

Environmental Degradation ◽

Environmental Quality ◽

Direct Investment ◽

The Political ◽

Asian Countries ◽

Mediating Role

Abstract Background:Scholars in developed and emerging economies have widely tested the interactions between foreign direct investment, financial development, economic growth and environmental degradation. Despite a number of empirical and review studies, it is not yet wrap up either the associations are negative, positive, direct or indirect. Additionally, minor attention is given to the indirect role of foreign direct investment in environmental degradation; perhaps no study has yet demonstrated the mediating role of financial development and economic growth between foreign direct investment and environmental degradation in Asian economies. Referring to the fragmented outputs and consequences as well as lacking the indirect role, the present study examines the influence of foreign direct investment on environmental degradation with the mediating role of financial development and economic growth. Results:Secondary data of 21 Asian countries from 1980-2018 were gathered from World Bank Indicators and then performed STATA to test the paths. Our findings are slightly different from the studies conducted in developed economies. The results indicate that foreign direct investment significantly improves environmental quality by deteriorating environmental pollution. It also significantly improves economic growth in the selected regions. Surprisingly, our study shows that foreign direct investment has a significant negative influence on financial development in the Asian regions. Both financial development and economic growth significantly negatively influence environmental degradation in Asian regions. However, financial development partially mediates while economic growth does not play any mediating role between foreign direct investment and environmental degradation in the Asian countries. Trade openness and population growth as control factors do not show any significant role in the model. Conclusions:This research recommends policymakers to focus on the inflow of foreign direct investment in order to enhance economic growth and environmental quality. It is strongly suggested for policymakers to attenuate the political intervention (e.g. ensure the political stability) in the inflow of foreign direct investment, so financial resources can be impartially distributed in the industrial sector and thus the nations will have an effective financial development system. Other implications have described.

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Unleashing the Indirect Influence of FDI in Environmental Degradation via Financial Development and Economic Growth. New Evidence from Asian Countries

10.21203/rs.3.rs-32631/v1 ◽

2020 ◽

Author(s):

Ghulam Muhmmad Qamri ◽

Bing Sheng ◽

Rana Ejaz Ali Khan ◽

Wasisfah Hanim

Keyword(s):

Economic Growth ◽

Foreign Direct Investment ◽

Financial Development ◽

Environmental Degradation ◽

Environmental Quality ◽

Direct Investment ◽

The Political ◽

Asian Countries ◽

Mediating Role

Abstract Background:Scholars in developed and emerging economies have widely tested the interactions between foreign direct investment, financial development, economic growth and environmental degradation. Despite a number of empirical and review studies, it is not yet wrap up either the associations are negative, positive, direct or indirect. Additionally, minor attention is given to the indirect role of foreign direct investment in environmental degradation; perhaps no study has yet demonstrated the mediating role of financial development and economic growth between foreign direct investment and environmental degradation in Asian economies. Referring to the fragmented outputs and consequences as well as lacking the indirect role, the present study examines the influence of foreign direct investment on environmental degradation with the mediating role of financial development and economic growth. Results:Secondary data of 21 Asian countries from 1980-2018 were gathered from World Bank Indicators and then performed STATA to test the paths. Our findings are slightly different from the studies conducted in developed economies. The results indicate that foreign direct investment significantly improves environmental quality by deteriorating environmental pollution. It also significantly improves economic growth in the selected regions. Surprisingly, our study shows that foreign direct investment has a significant negative influence on financial development in the Asian regions. Both financial development and economic growth significantly negatively influence environmental degradation in Asian regions. However, financial development partially mediates while economic growth does not play any mediating role between foreign direct investment and environmental degradation in the Asian countries. Trade openness and population growth as control factors do not show any significant role in the model. Conclusions:This research recommends policymakers to focus on the inflow of foreign direct investment in order to enhance economic growth and environmental quality. It is strongly suggested for policymakers to attenuate the political intervention (e.g. ensure the political stability) in the inflow of foreign direct investment, so financial resources can be impartially distributed in the industrial sector and thus the nations will have an effective financial development system. Other implications have described.

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Economic Growth: New Problems and New Risks

Voprosy Ekonomiki ◽

10.32609/0042-8736-2006-12-20-37 ◽

2006 ◽

pp. 20-37 ◽

Cited By ~ 6

Author(s):

M. Ershov

Keyword(s):

Economic Growth ◽

Foreign Exchange ◽

Driving Force ◽

Structural Changes ◽

Rate Of Growth

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.

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Determinants of regional and local development – their impact on socio-economic space

Regional Economy ◽

10.36818/1562-0905-2019-2-1 ◽

2019 ◽

pp. 3-9

Author(s):

Krzysztof Rejman ◽

Roman Fedan

Keyword(s):

Economic Growth ◽

Local Development ◽

Local Level ◽

Local Policy ◽

Economic Changes ◽

Production Factors ◽

Rational Planning ◽

Local Resource Management

Processes of the expected spatial socio-economic changes arise as a result of rational planning and continuation of development at regional and local level. A three-tier division ofthe local self-government creates opportunities for engagement of community in the rational planning model and local resource management, as well as usage of production factors; for socio-economic growth and improvement in the quality of life of the residents. The aim of the article is to show the functional structure and role of local government units in formation of regional and local policy toincrease economic growth, while maintaining the environmental protection requirements.

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Financial development and economic growth nexus in SSA economies: The moderating role of telecommunication development

Cogent Economics & Finance ◽

10.1080/23322039.2020.1862395 ◽

2021 ◽

Vol 9 (1) ◽

pp. 1862395

Author(s):

Mac Junior Abeka ◽

Eric Andoh ◽

John Gartchie Gatsi ◽

Seyram Kawor

Keyword(s):

Economic Growth ◽

Financial Development ◽

Moderating Role

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Gratitude and Quality of Life Among Adolescents: the Mediating Role of Mindfulness

Trends in Psychology ◽

10.1007/s43076-021-00077-z ◽

2021 ◽

Author(s):

Pallavi Anand ◽

Arti Bakhshi ◽

Richa Gupta ◽

Mridula Bali

Keyword(s):

Quality Of Life ◽

Mediating Role

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Success Drivers of Urban Haats Selling Craft Products

International Journal of Rural Management ◽

10.1177/0973005220964688 ◽

2020 ◽

pp. 097300522096468

Author(s):

Rajesh Gupta ◽

Piyush Kumar Sinha ◽

Akash Sahu ◽

Vandana Sood

Keyword(s):

Mixed Method ◽

Rural Economy ◽

Mediating Role ◽

Role Based ◽

Craft Industry ◽

Set Up ◽

Market Separations ◽

Method Approach

Craft industry is as much the mainstay of the rural economy after agriculture. It provides occupation to a large section of population. However, it is characterised by fragmented individual artisans on one side and dispersed customers on the other. It also suffers from market separations. Urban haats were set up with the objective to present artisans and buyer on one platform and reduce these separations. In this study urban haats have been conceptualised as marketplaces that bring artisans and customers at one place to optimise their respective values. They also serve as a tool for disintermediation and a social distribution initiative and represent a retailing initiative in the inclusive entrepreneurship domain. This study focusses on identifying drivers of success of urban haats. Using a mixed method approach, data was collected from Haat officials and NGO members through personal interviews. The data from artisans and customers was collected through a survey using a structured response format. The study was conducted at 18 haats in 10 states. The study highlights the factors that drive satisfaction of artisans and customers and the role of administrators in making the marketplace a success. Customer consider diversity of the products, quality of the products, behaviour of the salesperson, price parity with other markets, buying experience, parking space and aesthetics of the stalls as major influencing factors for the recommendation of the haats to other customers. Most important attributes of the haats in driving artisan satisfaction were stall allotment system, haat location, advertisements, product promotion and monitoring. It is also found that while the infrastructure is necessary, it is not sufficient in enhancing the performance and sustainability of haats. Administration of these haats plays a defining mediating role. Based on these findings, an approach is proposed for success of urban haats.

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