Choice between economic reforms and political reforms: an empirical analysis for financial development / Azka Jamil Akhter and Saima Sarwar.
The purpose of this study is to investigate the impact of economic and political reforms on the decisions related to Financial Sector development both in developed and developing nations. Panel of sixty nations divided almost equally in both sections for the time period 1990-2012 has been used. Usin...
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Universiti Teknologi Mara Selangor
2015
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my.uitm.ir.327762020-07-23T09:14:38Z http://ir.uitm.edu.my/id/eprint/32776/ Choice between economic reforms and political reforms: an empirical analysis for financial development / Azka Jamil Akhter and Saima Sarwar. Akhter, Azka Jamil Sarwar, Saima HG Finance Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure The purpose of this study is to investigate the impact of economic and political reforms on the decisions related to Financial Sector development both in developed and developing nations. Panel of sixty nations divided almost equally in both sections for the time period 1990-2012 has been used. Using Discroll-Kraay Fixed Effect estimation technique, results revealed that in all cases either for whole panels or for separate developing and developed nations, process of economic reforms is playing most important role in the development of this sector among all other variables and this becomes more prominent in case of developed nations. While among political factors, role of Governance has been observed positive and strongly significant in its impact on the development of this sector for all cases. But Democracy showed positive effect only for developed nations not for developing nations which highlights this fact that consistency is the most required ingredient in case of economic development overall. Overall findings of the study helps in concluding that in case of developing countries, economic reforms are proving to be more fruitful and swift in their outcomes than political reforms. Universiti Teknologi Mara Selangor 2015-09 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/32776/1/32776.pdf Akhter, Azka Jamil and Sarwar, Saima (2015) Choice between economic reforms and political reforms: an empirical analysis for financial development / Azka Jamil Akhter and Saima Sarwar. Journal of Emerging Economies and Islamic Research, 3 (3). pp. 1-11. ISSN 2289 – 2559 http://www.jeeir.com/v2/index.php/26-current/vol-3-no-3-2015/102-choice-between-economic-reforms-and-political-reforms-an-empirical-analysis-for-financial-development |
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HG Finance Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure |
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HG Finance Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure Akhter, Azka Jamil Sarwar, Saima Choice between economic reforms and political reforms: an empirical analysis for financial development / Azka Jamil Akhter and Saima Sarwar. |
| description |
The purpose of this study is to investigate the impact of economic and political reforms on the decisions related to Financial Sector development both in developed and developing nations. Panel of sixty nations divided almost equally in both sections for the time period 1990-2012 has been used. Using Discroll-Kraay Fixed Effect estimation technique, results revealed that in all cases either for whole panels or for separate developing and developed nations, process of economic reforms is playing most important role in the development of this sector among all other variables and this becomes more prominent in case of developed nations. While among political factors, role of Governance has been observed positive and strongly significant in its impact on the development of this sector for all cases. But Democracy showed positive effect only for developed nations not for developing nations which highlights this fact that consistency is the most required ingredient in case of economic development overall. Overall findings of the study helps in concluding that in case of developing countries, economic reforms are proving to be more fruitful and swift in their outcomes than political reforms. |
| format |
Article |
| author |
Akhter, Azka Jamil Sarwar, Saima |
| author_facet |
Akhter, Azka Jamil Sarwar, Saima |
| author_sort |
Akhter, Azka Jamil |
| title |
Choice between economic reforms and political
reforms: an empirical analysis for financial
development / Azka Jamil Akhter and Saima Sarwar. |
| title_short |
Choice between economic reforms and political
reforms: an empirical analysis for financial
development / Azka Jamil Akhter and Saima Sarwar. |
| title_full |
Choice between economic reforms and political
reforms: an empirical analysis for financial
development / Azka Jamil Akhter and Saima Sarwar. |
| title_fullStr |
Choice between economic reforms and political
reforms: an empirical analysis for financial
development / Azka Jamil Akhter and Saima Sarwar. |
| title_full_unstemmed |
Choice between economic reforms and political
reforms: an empirical analysis for financial
development / Azka Jamil Akhter and Saima Sarwar. |
| title_sort |
choice between economic reforms and political
reforms: an empirical analysis for financial
development / azka jamil akhter and saima sarwar. |
| publisher |
Universiti Teknologi Mara Selangor |
| publishDate |
2015 |
| url |
http://ir.uitm.edu.my/id/eprint/32776/1/32776.pdf http://ir.uitm.edu.my/id/eprint/32776/ http://www.jeeir.com/v2/index.php/26-current/vol-3-no-3-2015/102-choice-between-economic-reforms-and-political-reforms-an-empirical-analysis-for-financial-development |
| _version_ |
1685650971066105856 |
| score |
13.211869 |