文章基本信息

标题：Institution,Financial Sector,and Economic Growth: Use The Institutions As An Instrument Variable
本地全文：下载
作者：Albertus Girik Allo
期刊名称：Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan
印刷版ISSN：1411-6081
电子版ISSN：2460-9331
出版年度：2016
卷号：17
期号：1
页码：84-99
DOI：10.23917/jep.v17i1.1555
语种：English
出版社：Muhammadiyah University Press
摘要：Institution has been investigated having indirect role on economic growth.This paper aims to evaluate whether the quality of institution matters for economic growth.By applying institution as instrumental variable at Foreign Direct Investment (FDI),quality of institution significantly influence economic growth.This study applies two set of data period,namely 1985-2013 and 2000-2013,available online in the World Bank (WB).The first data set,1985-2013 is used to estimate the role of financial sector on economic growth,focuses on 67 countries.The second data set,2000-2013 determine the role of institution on financial sector and economic growth by applying 2SLS estimation method.We define institutional variables as set of indicators: Control of Corruption,Political Stability and Absence of Violence,and Voice and Accountability provide declining impact of FDI to economic growth.
关键词：institution;financial sector;growth;instrument variable;FDI