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The impact of Government Effectiveness and type of financial systems on the economic growth of selected Islamic countreies
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Mina Khayyat rasouli1   , Roya Aleemran 2, Nader Mehregan3 , Parviz Mohammadzade4 |
1- PhD Student, Department of Economics, Tabriz Branch, Islamic Azad University, Tabriz, Iran
2- Associate Professor, Department of Economics, Tabriz Branch, Islamic Azad University, Tabriz, Iran (Corresponding Author) , roya.aleemran@gmail.com
3- Professor, Department of Economics, Faculty of Economics and Social Sciences, Bu Ali Sina University, Hamadan, Iran
4- Professor, Department of Economics, Faculty of Economics and Management, University of Tabriz, Iran |
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Abstract: (5101 Views) |
Identifying more accurately the factors affecting economic growth and examining the shocks that affect it ,can help policymakers in many sectors.Given the importance of this issue, the present study seeks to investigate the impact of institutional quality shocks and financial development on selected Islamic countries economic growth with 1996-2017 data using the Panel Vector Self-Regression(PVAR).
In this study, government effectiveness and financial systems indicators such as system based bank and system based stock market were used. According to the research findings, among these indices, system based bank and government effectiveness have the most impact on economic growth in selected countries during the period under review. As in the long run, institutional quality and financial depth are explain 3.44% and 2.06% of the changes in economic growth.
According to the findings of the study, it is essential to pay close attention to the financial development and enhance the government effectiveness and institutional quality of the selected Islamic countries. |
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| Keywords: government effectiveness, Islamic countries, Economic Growth, Financial systems |
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Full-Text [PDF 735 kb]
(1116 Downloads)
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Article type: Research |
Subject:
Special
Received: 2020/07/12 | Accepted: 2021/02/22 | Published: 2021/02/28
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