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The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries

Yıl 2017, Cilt: 7 Sayı: 3, 461 - 467, 01.09.2017

Ali Ahmadpour Kacho Nazar Dahmardeh

Öz

Institutional quality and financial development have been considered as two main key of economic growth in recent literature. Regarding institutional quality, it is an essential and necessary condition to enhance financial development, so in this context suitable policies are demanded. Our main aim is to survey the effects of financial development and institutional quality on economic growth for the case of Economic Development and Cooperation Organization Countries in 2002-2014, using GMM method of Dynamic Panel Data. Here also we have used the mean of opinion and response, political stability and lack of violence, administrative efficiency, quality of provisions and legality and corruption control as six institutional indicators as well as the ratio of available credits for private sector in banks to gross product as financial development indicator. The results show that financial development and institutional quality have a positive and significant effect on economic growth in selected countries. Furthermore, from interactive effect, we found that financial development may cause economic growth in developed countries due to their opportune institutional structure.

Anahtar Kelimeler

Institutional Quality Financial Development Economic Growth

Yıl 2017, Cilt: 7 Sayı: 3, 461 - 467, 01.09.2017

Ali Ahmadpour Kacho Nazar Dahmardeh

Öz

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Ayrıntılar

Diğer ID JA56HF92ZH
Bölüm Araştırma Makalesi
Yazarlar

Ali Ahmadpour Kacho Bu kişi benim

Nazar Dahmardeh Bu kişi benim

Yayımlanma Tarihi 1 Eylül 2017
Yayımlandığı Sayı Yıl 2017 Cilt: 7 Sayı: 3

Kaynak Göster

APA Kacho, A. A., & Dahmardeh, N. (2017). The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries. International Journal of Economics and Financial Issues, 7(3), 461-467.
AMA Kacho AA, Dahmardeh N. The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries. IJEFI. Eylül 2017;7(3):461-467.
Chicago Kacho, Ali Ahmadpour, ve Nazar Dahmardeh. “The Effects of Financial Development and Institutional Quality on Economic Growth With the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries”. International Journal of Economics and Financial Issues 7, sy. 3 (Eylül 2017): 461-67.
EndNote Kacho AA, Dahmardeh N (01 Eylül 2017) The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries. International Journal of Economics and Financial Issues 7 3 461–467.
IEEE A. A. Kacho ve N. Dahmardeh, “The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries”, IJEFI, c. 7, sy. 3, ss. 461–467, 2017.
ISNAD Kacho, Ali Ahmadpour - Dahmardeh, Nazar. “The Effects of Financial Development and Institutional Quality on Economic Growth With the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries”. International Journal of Economics and Financial Issues 7/3 (Eylül 2017), 461-467.
JAMA Kacho AA, Dahmardeh N. The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries. IJEFI. 2017;7:461–467.
MLA Kacho, Ali Ahmadpour ve Nazar Dahmardeh. “The Effects of Financial Development and Institutional Quality on Economic Growth With the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries”. International Journal of Economics and Financial Issues, c. 7, sy. 3, 2017, ss. 461-7.
Vancouver Kacho AA, Dahmardeh N. The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperation and Development Countries. IJEFI. 2017;7(3):461-7.