Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries
Institutional quality and financial development are important pillars of sustainable economic growth; this study explains the role of institutional quality and financial development in green growth in the South Asian economies over the period 2000–2018 with data from the World Bank. This study exami...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-01-01
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| Series: | Borsa Istanbul Review |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845021000259 |
| _version_ | 1829096605811212288 |
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| author | Farhan Ahmed Shazia Kousar Amber Pervaiz Aiza Shabbir |
| author_facet | Farhan Ahmed Shazia Kousar Amber Pervaiz Aiza Shabbir |
| author_sort | Farhan Ahmed |
| collection | DOAJ |
| description | Institutional quality and financial development are important pillars of sustainable economic growth; this study explains the role of institutional quality and financial development in green growth in the South Asian economies over the period 2000–2018 with data from the World Bank. This study examines long-run cointegration among the variables modeled using the cointegration techniques by Pedroni, Kao, and Westerlund. Our results of panel cointegration approaches reveal long-run cointegration between financial developments, institutional quality, and green growth. Further, the study employs fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) to examine the role of institutional quality and financial development in green growth in the long run. Our findings reveal that institutional quality and financial development are driving factors in promoting green economic growth in the long run. This paper shows the important policy implications of promoting green growth in the South Asian economies. |
| first_indexed | 2024-04-11T09:00:05Z |
| format | Article |
| id | doaj.art-f4c06b96144e4080ac0e520dc60d5e9c |
| institution | Directory Open Access Journal |
| issn | 2214-8450 |
| language | English |
| last_indexed | 2024-04-11T09:00:05Z |
| publishDate | 2022-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Borsa Istanbul Review |
| spelling | doaj.art-f4c06b96144e4080ac0e520dc60d5e9c2022-12-22T04:32:50ZengElsevierBorsa Istanbul Review2214-84502022-01-01221189196Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countriesFarhan Ahmed0Shazia Kousar1Amber Pervaiz2Aiza Shabbir3Department of Economics & Management Sciences, NED University of Engineering and Technology, Karachi, Sindh, Pakistan; Corresponding author.Lahore college for Women University, Lahore, Pakistan; University of Jhang, Jhang Punjab, PakistanThe Superior College Lahore, Punjab, PakistanThe Superior College Lahore, Punjab, PakistanInstitutional quality and financial development are important pillars of sustainable economic growth; this study explains the role of institutional quality and financial development in green growth in the South Asian economies over the period 2000–2018 with data from the World Bank. This study examines long-run cointegration among the variables modeled using the cointegration techniques by Pedroni, Kao, and Westerlund. Our results of panel cointegration approaches reveal long-run cointegration between financial developments, institutional quality, and green growth. Further, the study employs fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) to examine the role of institutional quality and financial development in green growth in the long run. Our findings reveal that institutional quality and financial development are driving factors in promoting green economic growth in the long run. This paper shows the important policy implications of promoting green growth in the South Asian economies.http://www.sciencedirect.com/science/article/pii/S2214845021000259DO2F43F64N15 |
| spellingShingle | Farhan Ahmed Shazia Kousar Amber Pervaiz Aiza Shabbir Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries Borsa Istanbul Review DO2 F43 F64 N15 |
| title | Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries |
| title_full | Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries |
| title_fullStr | Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries |
| title_full_unstemmed | Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries |
| title_short | Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries |
| title_sort | do institutional quality and financial development affect sustainable economic growth evidence from south asian countries |
| topic | DO2 F43 F64 N15 |
| url | http://www.sciencedirect.com/science/article/pii/S2214845021000259 |
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