| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Rexford Abaidoo | |
| dc.contributor.other | Elvis Kwame Agyapong | |
| dc.date.accessioned | 2023-11-01T10:23:45Z | - |
| dc.date.available | 2023-11-01T10:23:45Z | - |
| dc.date.issued | 2022 | |
| dc.identifier.isbn | 2632-5330 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58638 | - |
| dc.description | Economy and finance | |
| dc.description.abstract | Purpose – This study examines how institutional quality influences variability in financial development among economies in Sub-Saharan Africa (SSA). Design/methodology/approach – Empirical estimations verifying various relationships are performed using the limited information maximum likelihood (LIML) estimation technique. Findings – The results suggest that institutional quality enhances the pace of financial development among economies in the sub-region all things being equal. In a further micro-level analysis where components of institutional quality index are examined separately, the study’s results suggest that effective governance, regulatory quality, rule of law and accountability tend to have a significant positive impact on financial sector development. Research limitations/implications – Findings of the study suggest that policies geared towards improving governance and regulatory institutions can augment development of the financial sector among economies in SSA; governments and policymakers are therefore encouraged to resource noted institutions to play effective roles for the development of the financial sector. Originality/value – Compared to related studies, this study reorients existing paradigm, which emphasizes the role of governance and institutional variables in the economic growth discourse. The authors’ empirical inquiry rather focuses on how governance and institutional structures influence regional financial development dynamics. Specifically, this study differs from most macro-level studies found in literature because it examines the impact of hitherto unexamined governance and institutional variables on financial development among economies in SSA | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | Financial development, Institutional quality, Limited information maximum likelihood, | |
| dc.subject | Macroeconomic uncertainty | |
| dc.title | Financial development and institutional quality among emerging economies | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | JED-08-2021-0135 | |
| dc.relation.reference | Abaidoo, R. and Agyapong, E. (2021), “Macroeconomic risk and political stability: perspectives from emerging and developing economies”, Global Business Review. doi: 10.1177/09721509211047650. Abaidoo, R. and Anyigba, H. (2020), “Bank performance variability and strands of inflationary conditions”, European Journal of Management and Business Economics, Vol. 29 No. 3, pp. 235-253. Abdi, H. and Williams, L.J. (2010), “Principal component analysis”, Wiley Interdisciplinary Reviews: Computational Statistics, Vol. 2 No. 4, pp. 433-459. Adeel-Farooq, R.M., Bakar, N.A.A. and Raji, J.O. (2020), “Financial sector development and economic growth: a co-integration analysis for ASEAN countries”, International Journal of Economic Policy in Emerging Economies, Vol. 13 No. 3, pp. 195-208. Agbiboa, D.E. (2010), “The corruption-underdevelopment nexus in Africa: which way Nigeria?”, The Journal of Social, Political, and Economic Studies, Vol. 35 No. 4, p. 474. Ahamed, M.M. and Mallick, S.K. (2019), “Is financial inclusion good for bank stability? International evidence”, Journal of Economic Behavior and Organization, Vol. 157, pp. 403-427. Akashi, K. and Kunitomo, N. (2015), “The limited information maximum likelihood approach to dynamic panel structural equation models”, Annals of the Institute of Statistical Mathematics, Vol. 67 No. 1, pp. 39-73. Ali, M., Nazir, M.I., Hashmi, S.H. and Ullah, W. (2022), “Financial inclusion, institutional quality and financial development: empirical evidence from OIC countries”, The Singapore Economic Review, Vol. 67 No. 1, pp. 161-188. Aluko, O.A. and Ibrahim, M. (2020), “Institutions and financial development in ECOWAS”, Journal of Sustainable Finance and Investment, Vol. 11 No. 2, pp. 1-12. Anderson, T.W., Kunitomo, N. and Matsushita, Y. (2009), “The Limited Information Maximum Likelihood Estimator as an Angle”, CIRJE No. CIRJE-F-619, CIRJE, Faculty of Economics, University of Tokyo. Anthony-Orji, O.I., Orji, A., Ogbuabor, J.E. and Nwosu, E.O. (2019), “Do financial stability and institutional quality have impact on financial inclusion in developing economies? A new evidence from Nigeria”, International Journal of Sustainable Economy, Vol. 11 No. 1, pp. 18-40. Anyanwu, J.C. (2017), “Foreign direct investment”, In Handbook of Globalisation and Development, Edward Elgar Publishing, doi: 10.4337/9781783478651.00015. Assadzadeh, A. and Pourqoly, J. (2013), “The relationship between foreign direct investment, institutional quality and poverty: case of MENA countries”, Journal of Economics, Business and Management, Vol. 1 No. 2, pp. 161-165. Asteriou, D. and Price, S. (2005), “Uncertainty, investment and economic growth: evidence from a dynamic panel”, Review of Development Economics, Vol. 9 No. 2, pp. 277-288. Institutional quality 213Aziz, M.N. and Sundarasen, S.D.D. (2015), “The impact of political regime and governance on ASEAN economic growth”, Journal of Southeast Asian Economies, Vol. 32 No. 3, pp. 375-389. Balutel, D. (2020), “Institutional quality and financial instability”, Journal of Public Administration, Finance and Law, No. 17, pp. 154-162. Bayar, Y., Borozan, D. and Gavriletea, M.D. (2021), “Banking sector stability and economic growth in post-transition European Union countries”, International Journal of Finance and Economics, Vol. 26 No. 1, pp. 949-961. Beck, T., Demirguç-Kunt, A. and Levine, R. (2001), € “Legal theories of financial development”, Oxford Review of Economic Policy, Vol. 17 No. 4, pp. 483-501. Berggren, N., Bergh, A. and Bjørnskov, C. (2012), “The growth effects of institutional instability”, Journal of Institutional Economics, Vol. 8 No. 2, pp. 187-224. Bro, R. and Smilde, A.K. (2014), “Principal component analysis”, Analytical Methods, Vol. 6 No. 9, pp. 2812-2831. Cherif, M. and Dreger, C. (2016), “Institutional determinants of financial development in MENA countries”, Review of Development Economics, Vol. 20 No. 3, pp. 670-680. Djeri, S., Du, L., Mamadou, M., Fania, N. and Bienvenu, G.Y.T. (2020), “Institutional quality and financial development in West Africa economic and monetary union”, Global Journal of Management and Business Research, Vol. 20 No. 1-B, doi: 10.34257/GJMBRBVOL20IS1PG23. Dwumfour, R.A. and Ntow-Gyamfi, M. (2018), “Natural resources, financial development and institutional quality in Africa: is there a resource curse?”, Resources Policy, Vol. 59, pp. 411-426. Ehigiamusoe, K.U. and Samsurijan, M.S. (2021), “What matters for finance-growth nexus? A critical survey of macroeconomic stability, institutions, financial and economic development”, International Journal of Finance and Economics, Vol. 26 No. 4, pp. 5302-5320. Ehigiamusoe, K.U., Lean, H.H. and Chan, J.H. (2020), “Influence of macroeconomic stability on financial development in developing economies: evidence from West African region”, The Singapore Economic Review, Vol. 65 No. 4, pp. 837-856. Ehigiamusoe, K.U., Guptan, V. and Narayanan, S. (2021), “Rethinking the impact of GDP on financial development: evidence from heterogeneous panels”, African Development Review, Vol. 33 No. 1, pp. 1-13. Ehigiamusoe, K.U., Narayanan, S. and Poon, W.C. (2021), “Revisiting the role of inflation in financial development: unveiling non-linear and moderating effects”, Asia-Pacific Journal of Business Administration. doi: 10.1108/APJBA-04-2021-0171. Elith, J., H. Graham C., Anderson, R.P., Dudık, M., Ferrier, S., Guisan, A. and Li, J. (2006), “Novel methods improve prediction of species’ distributions from occurrence data”, Ecography, Vol. 29 No. 2, pp. 129-151. Ellul, A. and Yerramilli, V. (2013), “Stronger risk controls, lower risk: evidence from US bank holding companies”, The Journal of Finance, Vol. 68 No. 5, pp. 1757-1803. Fry, M.J. (1989), “Financial development: theories and recent experience”, Oxford Review of Economic Policy, Vol. 5 No. 4, pp. 13-28. Ghardallou, W. and Sridi, D. (2020), “Democracy and economic growth: a literature review”, Journal of the Knowledge Economy, Vol. 11 No. 3, pp. 982-1002. G€okbulut, R.I. and Pekkaya, M. (2014), “Estimating and forecasting volatility of financial markets using asymmetric GARCH models: an application on Turkish financial markets”, International Journal of Economics and Finance, Vol. 6 No. 4, pp. 23-35. Guru, B.K. and Yadav, I.S. (2019), “Financial development and economic growth: panel evidence from BRICS”, Journal of Economics, Finance and Administrative Science, Vol. 24 No. 47, pp. 113-126. Khalfaoui, H. (2015), “The determinants of financial development: empirical evidence from developed and developing countries”, Applied Economics and Finance, Vol. 2 No. 4, pp. 1-9. JED 24,3 214Khan, M.A., Khan, M.A., Abdulahi, M.E., Liaqat, I. and Shah, S.S.H. (2019), “Institutional quality and financial development: the United States perspective”, Journal of Multinational Financial Management, Vol. 49, pp. 67-80. Khan, H., Khan, S. and Zuojun, F. (2020a), “Institutional quality and financial development: evidence from developing and emerging economies”, Global Business Review. doi: 10.1177/ 0972150919892366. Khan, M.A., Kong, D., Xiang, J. and Zhang, J. (2020b), “Impact of institutional quality on financial development: cross-country evidence based on emerging and growth-leading economies”, Emerging Markets Finance and Trade, Vol. 56 No. 15, pp. 3829-3845. Kunitomo, N. (1982), “Asymptotic optimality of the limited information maximum likelihood estimator in large econometric models”, The Economic Studies Quarterly (Tokyo 1950), Vol. 32 No. 3, pp. 247-266. Law, S.H. and Azman-Saini, W.N.W. (2012), “Institutional quality, governance, and financial development”, Economics of Governance, Vol. 13 No. 3, pp. 217-236. Law, S.H. and Habibullah, M.S. (2009), “The determinants of financial development: institutions, openness and financial liberalisation”, South African Journal of Economics, Vol. 77 No. 1, pp. 45-58. Law, S.H., Tan, H.B. and Azman-Saini, W.N.W. (2015), “Globalisation, institutional reforms and financial development in East Asian economies”, The World Economy, Vol. 38 No. 2, pp. 379-398. Le, T.H., Kim, J. and Lee, M. (2016), “Institutional quality, trade openness, and financial sector development in Asia: an empirical investigation”, Emerging Markets Finance and Trade, Vol. 52 No. 5, pp. 1047-1059. Maciejewski, M. and Głodowska, A. (2020), “Economic development versus the growing importance of the financial sector: global insight”, International Entrepreneurship Review, Vol. 6 No. 3, pp. 77-90. Nasreen, S., Mahalik, M.K., Shahbaz, M. and Abbas, Q. (2020), “How do financial globalization, institutions and economic growth impact financial sector development in European countries?”, Research in International Business and Finance, Vol. 54, p. 101247. Ogbuabor, J.E., Orji, A., Manasseh, C.O. and Anthony-Orji, O.I. (2020), “Institutional quality and growth in West Africa: what happened after the great recession?”, International Advances in Economic Research, Vol. 26 No. 4, pp. 343-361. Orji, A., Ogbuabor, J.E., Nwosu, E., Anthony-Orji, O.I. and Isaac, S.T. (2019), “Financial iDevelopment, human capital and economic growth in Nigeria: an empirical analysis”, Journal of Academic Research in Economics, Vol. 11 No. 3, pp. 507-531. Papaioannou, E. (2009), “What drives international financial flows? Politics, institutions and other determinants”, Journal of Development Economics, Vol. 88 No. 2, pp. 269-281. Rajan, R.G. and Zingales, L. (2001), “The influence of the financial revolution on the nature of firms”, American Economic Review, Vol. 91 No. 2, pp. 206-211. Rajan, R.G. and Zingales, L. (2006), “The persistence of underdevelopment: institutions, human capital, or constituencies?”, CRSP Working Paper No. 613, CRSP. Raza, S.H., Shahzadi, H. and Akram, M. (2014), “Exploring the determinants of financial development (using panel data on developed and developing countries)”, Journal of Finance and Economics, Vol. 2 No. 5, pp. 166-172. Sendhil, R., Jha, A., Kumar, A. and Singh, S. (2018), “Extent of vulnerability in wheat producing agroecologies of India: tracking from indicators of cross-section and multi-dimension data”, Ecological Indicators, Vol. 89, pp. 771-780. Stock, J.H. and Yogo, M. (2005), “Testing for weak instruments in linear IV regression”, Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg, Vol. 80 No. 4.2, p. 1. Takyi, P.O. and Obeng, C.K. (2013), “Determinants of financial development in Ghana”, International Journal of Development and Sustainability, Vol. 2 No. 4, pp. 2324-2336. Institutional quality 215Tinta, A.A. (2022), “Financial development, ecological transition, and economic growth in SubSaharan African countries: the performing role of the quality of institutions and human capital”, Environmental Science and Pollution Research, Vol. 29, pp. 37617-37632. Voghouei, H., Azali, M. and Jamali, M.A. (2011), “A survey of the determinants of financial development”, Asian-Pacific Economic Literature, Vol. 25 No. 2, pp. 1-20. Wanjiru, R. and Prime, K.S. (2020), “Institutional capacity, trade and investment in African economies”, The Handbook of Global Trade Policy, pp. 418-438. Yu, S. and Jong-A-Pin, R. (2020), “Rich or alive? Political (in) stability, political leader selection and economic growth”, Journal of Comparative Economics, Vol. 48 No. 3, pp. 561-577. | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
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| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Rexford Abaidoo | |
| dc.contributor.other | Elvis Kwame Agyapong | |
| dc.date.accessioned | 2023-11-01T10:23:45Z | - |
| dc.date.available | 2023-11-01T10:23:45Z | - |
| dc.date.issued | 2022 | |
| dc.identifier.isbn | 2632-5330 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58638 | - |
| dc.description | Economy and finance | |
| dc.description.abstract | Purpose – This study examines how institutional quality influences variability in financial development among economies in Sub-Saharan Africa (SSA). Design/methodology/approach – Empirical estimations verifying various relationships are performed using the limited information maximum likelihood (LIML) estimation technique. Findings – The results suggest that institutional quality enhances the pace of financial development among economies in the sub-region all things being equal. In a further micro-level analysis where components of institutional quality index are examined separately, the study’s results suggest that effective governance, regulatory quality, rule of law and accountability tend to have a significant positive impact on financial sector development. Research limitations/implications – Findings of the study suggest that policies geared towards improving governance and regulatory institutions can augment development of the financial sector among economies in SSA; governments and policymakers are therefore encouraged to resource noted institutions to play effective roles for the development of the financial sector. Originality/value – Compared to related studies, this study reorients existing paradigm, which emphasizes the role of governance and institutional variables in the economic growth discourse. The authors’ empirical inquiry rather focuses on how governance and institutional structures influence regional financial development dynamics. Specifically, this study differs from most macro-level studies found in literature because it examines the impact of hitherto unexamined governance and institutional variables on financial development among economies in SSA | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | Financial development, Institutional quality, Limited information maximum likelihood, | |
| dc.subject | Macroeconomic uncertainty | |
| dc.title | Financial development and institutional quality among emerging economies | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | JED-08-2021-0135 | |
| dc.relation.reference | Abaidoo, R. and Agyapong, E. (2021), “Macroeconomic risk and political stability: perspectives from emerging and developing economies”, Global Business Review. doi: 10.1177/09721509211047650. Abaidoo, R. and Anyigba, H. (2020), “Bank performance variability and strands of inflationary conditions”, European Journal of Management and Business Economics, Vol. 29 No. 3, pp. 235-253. Abdi, H. and Williams, L.J. (2010), “Principal component analysis”, Wiley Interdisciplinary Reviews: Computational Statistics, Vol. 2 No. 4, pp. 433-459. Adeel-Farooq, R.M., Bakar, N.A.A. and Raji, J.O. (2020), “Financial sector development and economic growth: a co-integration analysis for ASEAN countries”, International Journal of Economic Policy in Emerging Economies, Vol. 13 No. 3, pp. 195-208. Agbiboa, D.E. (2010), “The corruption-underdevelopment nexus in Africa: which way Nigeria?”, The Journal of Social, Political, and Economic Studies, Vol. 35 No. 4, p. 474. Ahamed, M.M. and Mallick, S.K. (2019), “Is financial inclusion good for bank stability? International evidence”, Journal of Economic Behavior and Organization, Vol. 157, pp. 403-427. Akashi, K. and Kunitomo, N. (2015), “The limited information maximum likelihood approach to dynamic panel structural equation models”, Annals of the Institute of Statistical Mathematics, Vol. 67 No. 1, pp. 39-73. Ali, M., Nazir, M.I., Hashmi, S.H. and Ullah, W. (2022), “Financial inclusion, institutional quality and financial development: empirical evidence from OIC countries”, The Singapore Economic Review, Vol. 67 No. 1, pp. 161-188. Aluko, O.A. and Ibrahim, M. (2020), “Institutions and financial development in ECOWAS”, Journal of Sustainable Finance and Investment, Vol. 11 No. 2, pp. 1-12. Anderson, T.W., Kunitomo, N. and Matsushita, Y. (2009), “The Limited Information Maximum Likelihood Estimator as an Angle”, CIRJE No. CIRJE-F-619, CIRJE, Faculty of Economics, University of Tokyo. Anthony-Orji, O.I., Orji, A., Ogbuabor, J.E. and Nwosu, E.O. (2019), “Do financial stability and institutional quality have impact on financial inclusion in developing economies? A new evidence from Nigeria”, International Journal of Sustainable Economy, Vol. 11 No. 1, pp. 18-40. Anyanwu, J.C. (2017), “Foreign direct investment”, In Handbook of Globalisation and Development, Edward Elgar Publishing, doi: 10.4337/9781783478651.00015. Assadzadeh, A. and Pourqoly, J. (2013), “The relationship between foreign direct investment, institutional quality and poverty: case of MENA countries”, Journal of Economics, Business and Management, Vol. 1 No. 2, pp. 161-165. Asteriou, D. and Price, S. (2005), “Uncertainty, investment and economic growth: evidence from a dynamic panel”, Review of Development Economics, Vol. 9 No. 2, pp. 277-288. Institutional quality 213Aziz, M.N. and Sundarasen, S.D.D. (2015), “The impact of political regime and governance on ASEAN economic growth”, Journal of Southeast Asian Economies, Vol. 32 No. 3, pp. 375-389. Balutel, D. (2020), “Institutional quality and financial instability”, Journal of Public Administration, Finance and Law, No. 17, pp. 154-162. Bayar, Y., Borozan, D. and Gavriletea, M.D. (2021), “Banking sector stability and economic growth in post-transition European Union countries”, International Journal of Finance and Economics, Vol. 26 No. 1, pp. 949-961. Beck, T., Demirguç-Kunt, A. and Levine, R. (2001), € “Legal theories of financial development”, Oxford Review of Economic Policy, Vol. 17 No. 4, pp. 483-501. Berggren, N., Bergh, A. and Bjørnskov, C. (2012), “The growth effects of institutional instability”, Journal of Institutional Economics, Vol. 8 No. 2, pp. 187-224. Bro, R. and Smilde, A.K. (2014), “Principal component analysis”, Analytical Methods, Vol. 6 No. 9, pp. 2812-2831. Cherif, M. and Dreger, C. (2016), “Institutional determinants of financial development in MENA countries”, Review of Development Economics, Vol. 20 No. 3, pp. 670-680. Djeri, S., Du, L., Mamadou, M., Fania, N. and Bienvenu, G.Y.T. (2020), “Institutional quality and financial development in West Africa economic and monetary union”, Global Journal of Management and Business Research, Vol. 20 No. 1-B, doi: 10.34257/GJMBRBVOL20IS1PG23. Dwumfour, R.A. and Ntow-Gyamfi, M. (2018), “Natural resources, financial development and institutional quality in Africa: is there a resource curse?”, Resources Policy, Vol. 59, pp. 411-426. Ehigiamusoe, K.U. and Samsurijan, M.S. (2021), “What matters for finance-growth nexus? A critical survey of macroeconomic stability, institutions, financial and economic development”, International Journal of Finance and Economics, Vol. 26 No. 4, pp. 5302-5320. Ehigiamusoe, K.U., Lean, H.H. and Chan, J.H. (2020), “Influence of macroeconomic stability on financial development in developing economies: evidence from West African region”, The Singapore Economic Review, Vol. 65 No. 4, pp. 837-856. Ehigiamusoe, K.U., Guptan, V. and Narayanan, S. (2021), “Rethinking the impact of GDP on financial development: evidence from heterogeneous panels”, African Development Review, Vol. 33 No. 1, pp. 1-13. Ehigiamusoe, K.U., Narayanan, S. and Poon, W.C. (2021), “Revisiting the role of inflation in financial development: unveiling non-linear and moderating effects”, Asia-Pacific Journal of Business Administration. doi: 10.1108/APJBA-04-2021-0171. Elith, J., H. Graham C., Anderson, R.P., Dudık, M., Ferrier, S., Guisan, A. and Li, J. (2006), “Novel methods improve prediction of species’ distributions from occurrence data”, Ecography, Vol. 29 No. 2, pp. 129-151. Ellul, A. and Yerramilli, V. (2013), “Stronger risk controls, lower risk: evidence from US bank holding companies”, The Journal of Finance, Vol. 68 No. 5, pp. 1757-1803. Fry, M.J. (1989), “Financial development: theories and recent experience”, Oxford Review of Economic Policy, Vol. 5 No. 4, pp. 13-28. Ghardallou, W. and Sridi, D. (2020), “Democracy and economic growth: a literature review”, Journal of the Knowledge Economy, Vol. 11 No. 3, pp. 982-1002. G€okbulut, R.I. and Pekkaya, M. (2014), “Estimating and forecasting volatility of financial markets using asymmetric GARCH models: an application on Turkish financial markets”, International Journal of Economics and Finance, Vol. 6 No. 4, pp. 23-35. Guru, B.K. and Yadav, I.S. (2019), “Financial development and economic growth: panel evidence from BRICS”, Journal of Economics, Finance and Administrative Science, Vol. 24 No. 47, pp. 113-126. Khalfaoui, H. (2015), “The determinants of financial development: empirical evidence from developed and developing countries”, Applied Economics and Finance, Vol. 2 No. 4, pp. 1-9. JED 24,3 214Khan, M.A., Khan, M.A., Abdulahi, M.E., Liaqat, I. and Shah, S.S.H. (2019), “Institutional quality and financial development: the United States perspective”, Journal of Multinational Financial Management, Vol. 49, pp. 67-80. Khan, H., Khan, S. and Zuojun, F. (2020a), “Institutional quality and financial development: evidence from developing and emerging economies”, Global Business Review. doi: 10.1177/ 0972150919892366. Khan, M.A., Kong, D., Xiang, J. and Zhang, J. (2020b), “Impact of institutional quality on financial development: cross-country evidence based on emerging and growth-leading economies”, Emerging Markets Finance and Trade, Vol. 56 No. 15, pp. 3829-3845. Kunitomo, N. (1982), “Asymptotic optimality of the limited information maximum likelihood estimator in large econometric models”, The Economic Studies Quarterly (Tokyo 1950), Vol. 32 No. 3, pp. 247-266. Law, S.H. and Azman-Saini, W.N.W. (2012), “Institutional quality, governance, and financial development”, Economics of Governance, Vol. 13 No. 3, pp. 217-236. Law, S.H. and Habibullah, M.S. (2009), “The determinants of financial development: institutions, openness and financial liberalisation”, South African Journal of Economics, Vol. 77 No. 1, pp. 45-58. Law, S.H., Tan, H.B. and Azman-Saini, W.N.W. (2015), “Globalisation, institutional reforms and financial development in East Asian economies”, The World Economy, Vol. 38 No. 2, pp. 379-398. Le, T.H., Kim, J. and Lee, M. (2016), “Institutional quality, trade openness, and financial sector development in Asia: an empirical investigation”, Emerging Markets Finance and Trade, Vol. 52 No. 5, pp. 1047-1059. Maciejewski, M. and Głodowska, A. (2020), “Economic development versus the growing importance of the financial sector: global insight”, International Entrepreneurship Review, Vol. 6 No. 3, pp. 77-90. Nasreen, S., Mahalik, M.K., Shahbaz, M. and Abbas, Q. (2020), “How do financial globalization, institutions and economic growth impact financial sector development in European countries?”, Research in International Business and Finance, Vol. 54, p. 101247. Ogbuabor, J.E., Orji, A., Manasseh, C.O. and Anthony-Orji, O.I. (2020), “Institutional quality and growth in West Africa: what happened after the great recession?”, International Advances in Economic Research, Vol. 26 No. 4, pp. 343-361. Orji, A., Ogbuabor, J.E., Nwosu, E., Anthony-Orji, O.I. and Isaac, S.T. (2019), “Financial iDevelopment, human capital and economic growth in Nigeria: an empirical analysis”, Journal of Academic Research in Economics, Vol. 11 No. 3, pp. 507-531. Papaioannou, E. (2009), “What drives international financial flows? Politics, institutions and other determinants”, Journal of Development Economics, Vol. 88 No. 2, pp. 269-281. Rajan, R.G. and Zingales, L. (2001), “The influence of the financial revolution on the nature of firms”, American Economic Review, Vol. 91 No. 2, pp. 206-211. Rajan, R.G. and Zingales, L. (2006), “The persistence of underdevelopment: institutions, human capital, or constituencies?”, CRSP Working Paper No. 613, CRSP. Raza, S.H., Shahzadi, H. and Akram, M. (2014), “Exploring the determinants of financial development (using panel data on developed and developing countries)”, Journal of Finance and Economics, Vol. 2 No. 5, pp. 166-172. Sendhil, R., Jha, A., Kumar, A. and Singh, S. (2018), “Extent of vulnerability in wheat producing agroecologies of India: tracking from indicators of cross-section and multi-dimension data”, Ecological Indicators, Vol. 89, pp. 771-780. Stock, J.H. and Yogo, M. (2005), “Testing for weak instruments in linear IV regression”, Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg, Vol. 80 No. 4.2, p. 1. Takyi, P.O. and Obeng, C.K. (2013), “Determinants of financial development in Ghana”, International Journal of Development and Sustainability, Vol. 2 No. 4, pp. 2324-2336. Institutional quality 215Tinta, A.A. (2022), “Financial development, ecological transition, and economic growth in SubSaharan African countries: the performing role of the quality of institutions and human capital”, Environmental Science and Pollution Research, Vol. 29, pp. 37617-37632. Voghouei, H., Azali, M. and Jamali, M.A. (2011), “A survey of the determinants of financial development”, Asian-Pacific Economic Literature, Vol. 25 No. 2, pp. 1-20. Wanjiru, R. and Prime, K.S. (2020), “Institutional capacity, trade and investment in African economies”, The Handbook of Global Trade Policy, pp. 418-438. Yu, S. and Jong-A-Pin, R. (2020), “Rich or alive? Political (in) stability, political leader selection and economic growth”, Journal of Comparative Economics, Vol. 48 No. 3, pp. 561-577. | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
