Academic Journal
Investigating the Institutional Determinants of Financial Development: Empirical Evidence From SAARC Countries
| العنوان: | Investigating the Institutional Determinants of Financial Development: Empirical Evidence From SAARC Countries |
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| المؤلفون: | Nazima Ellahi, Adiqa Kausar Kiani, Muhammad Awais, Hina Affandi, Rabia Saghir, Sarah Qaim |
| المصدر: | SAGE Open, Vol 11 (2021) |
| بيانات النشر: | SAGE Publishing, 2021. |
| سنة النشر: | 2021 |
| المجموعة: | LCC:History of scholarship and learning. The humanities LCC:Social Sciences |
| مصطلحات موضوعية: | History of scholarship and learning. The humanities, AZ20-999, Social Sciences |
| الوصف: | A more regulated and better working financial sector contributes toward achieving monetary growth based on proficient resource allocation and reducing information asymmetries. Current trends in research highlight the significance of factors determining the financial sector’s development; therefore, this study explores the institutional drivers, which are indispensable for developing the financial industry in the South Asian Association of Regional Cooperation (SAARC) region. Specifically, it examines the impact of institutional factors, trade openness, real output, legal origin, and inflation on the financial sector’s development. By employing the panel data method of generalized method of moments (GMM), the study concluded that trade openness, institutional factors, legal origin, and real gross domestic product (GDP) have a positive and significant impact on financial depth. However, the inflation rate has been found to affect it negatively. Finally, the study presents policy recommendations based on empirical findings. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2158-2440 21582440 93210787 |
| Relation: | https://doaj.org/toc/2158-2440 |
| DOI: | 10.1177/21582440211006029 |
| URL الوصول: | https://doaj.org/article/94507e967ac740a0b932107874cacb3f |
| رقم الانضمام: | edsdoj.94507e967ac740a0b932107874cacb3f |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 21582440 93210787 |
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| DOI: | 10.1177/21582440211006029 |