文章基本信息

标题：Financial Development, Institutional Quality and Economic Performance in East Asian Economies
本地全文：下载
作者：Law, Siong Hook ; Habibullah, Muzafar Shah
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2006
期号：suppl
页码：201-216
出版社：Journal of Agribusiness
摘要：This paper examines the effects of financial development and institutional quality on economic performance in the East Asian economies using the panel cointegration and panel group mean fully modified OLS estimations. The empirical results based on the Solow growth model indicate that well developed institutional quality and financial market lead to the improved output per capita in East Asian economies. The effect of financial development on economic performance is larger when the financial system is embedded within a sound institutional framework. Thus, institutional improvements in these economies are important, not only in promoting economic development but also to deliver the benefits of financial development.
关键词：financial development;quality of institutions;economic performance