Political economy theories of financial development argue that in countries where a narrow elite controls political decisions, financial development may be obstructed to deny access to finance to potential competitors. We use panel data on developed and developing countries from 1975ndash;2000...

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...

The objective of this paper is to show the importance of institutional quality as a factor enhancing the contribution of financial development to macroeconomic performance in SSA. In this context, we first present the theoretical literature and the empirical debates on the subject. Next, we...

China passed a law of trusts in 2001 intending it to be useful to financial market participants. Drawing heavily from literature on economic institutions and economic development, this article assesses the potential success of the trust's becoming institutionalized in China. The conclusion is...

This paper aims to investigate the relationship between economic growth, institutional quality and financial development whitin a sample of middle-income countries. We generate three hypothesis on the potential relationships between those three dimensions by reviewing the existing literature and...

Developed and well regulated financial markets are usually seen as a precondition for an efficient allocation of resources and can foster long term economic growth. This paper explores the institutional determinants for financial development in the countries of the Middle East and North African...

This paper presents a framework for understanding the interactions between political and legal institutions, property rights protection, and their implications for financial development. Whereas the literature has answered questions on why some countries lag behind in terms of financial and...