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The Role of Institutions in the Impact of Government Debt on Economic Growth:Selected Experience from Muslim Countries and ECO Members
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Ali Heidar Karami Alam1   , Shahryar Nessabian2 , Nader Mehregan3 |
1- PHD student, Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran.
2- Associate professor, Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran. , nessabian@gmail.com
3- Professor, Department of Economics, Faculty of Economics and Social Sciences, Bu-Ali Sina University, Hamadan, Iran |
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Abstract: (82 Views) |
The main objective of this study is to investigate the role of institutions in the impact of government debt on economic growth (selected experience from Muslim countries and ECO members). This article is applied in terms of its purpose and descriptive in terms of data collection and causal information. The methodology is post-event. This article attempts to; by explaining the theory and designing a model and using panel regression methods to evaluate the relationship between institutional quality and the impact of government debt on economic growth in 17 Muslim countries, including members of the Economic Cooperation Organization (ECO). The time scope of the research is in the period 2000 to 2022; the statistical population is developing countries. The sample size was collected based on the availability of information from the World Bank WDI database. The countries studied are: Afghanistan; Kuwait; United Arab Emirates; Malaysia; Azerbaijan; Pakistan; Algeria; Saudi Arabia; Egypt; Tajikistan; Indonesia; Turkmenistan; Iran; Turkey; Kazakhstan; Uzbekistan; Kyrgyzstan. The results obtained by this researcher indicate that in this group of countries, in the presence of appropriate institutions, an increase in the government debt ratio has a positive effect on economic growth. In addition, the variable of the number of corruption reporting centers is positive only with the presence of institutions and without them, as we will see, the effect will be negative. |
Article number: 17 |
| Keywords: institutions, government debt, economic growth |
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Full-Text [PDF 893 kb]
(34 Downloads)
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Article type: Research |
Subject:
Special
Received: 2024/11/7 | Accepted: 2025/03/15 | Published: 2025/05/26
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