Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]

Based on the global dataset from 95 developing countries, this study examined the impact of capital inflow, finance, and infrastructure development on economic growth and also investigated the moderating role of institutional quality on economic growth. To address the research objective, the study a...

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Main Authors: Rahman, Abdur, Atiyah, Ghassan Adhab, Zaeyr Sweedi, Sattar Jabbar, Althabhawi, Nabeel Mahdi
Format: Article
Language:en
Published: Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA 2024
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Online Access:https://ir.uitm.edu.my/id/eprint/111196/1/111196.pdf
https://ir.uitm.edu.my/id/eprint/111196/
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author Rahman, Abdur
Atiyah, Ghassan Adhab
Zaeyr Sweedi, Sattar Jabbar
Althabhawi, Nabeel Mahdi
author_facet Rahman, Abdur
Atiyah, Ghassan Adhab
Zaeyr Sweedi, Sattar Jabbar
Althabhawi, Nabeel Mahdi
author_sort Rahman, Abdur
building Tun Abdul Razak Library
collection Institutional Repository
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
continent Asia
country Malaysia
description Based on the global dataset from 95 developing countries, this study examined the impact of capital inflow, finance, and infrastructure development on economic growth and also investigated the moderating role of institutional quality on economic growth. To address the research objective, the study adopted the Generalized Method of Moments (GMM) which theoretically maintains the endogeneity issue. Since the institutional quality varies across countries, the study also applied Quantile Regression to explore the effect of different level- capital inflow, finance, and infrastructure development prevailing across the selected countries on the economic growth. The finding clearly supported that capital, finance, and infrastructure development were very important for economic growth, whilst institutional qualities had a statistically significant moderating effect in our test models. Finally, the study carries a substantial momentum for the policy-making decision across developing countries. These findings emphasized the need for policymakers to strengthen institutional frameworks to enhance the effectiveness of infrastructure and financial investments. Consequently, developing countries can better leverage these factors for sustainable economic growth.
format Article
id my.uitm.ir-111196
institution Universiti Teknologi Mara
language en
publishDate 2024
publisher Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA
record_format eprints
spelling my.uitm.ir-1111962026-04-24T04:18:23Z https://ir.uitm.edu.my/id/eprint/111196/ Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.] apmaj Rahman, Abdur Atiyah, Ghassan Adhab Zaeyr Sweedi, Sattar Jabbar Althabhawi, Nabeel Mahdi Economic development. Development economics. Economic growth International finance Based on the global dataset from 95 developing countries, this study examined the impact of capital inflow, finance, and infrastructure development on economic growth and also investigated the moderating role of institutional quality on economic growth. To address the research objective, the study adopted the Generalized Method of Moments (GMM) which theoretically maintains the endogeneity issue. Since the institutional quality varies across countries, the study also applied Quantile Regression to explore the effect of different level- capital inflow, finance, and infrastructure development prevailing across the selected countries on the economic growth. The finding clearly supported that capital, finance, and infrastructure development were very important for economic growth, whilst institutional qualities had a statistically significant moderating effect in our test models. Finally, the study carries a substantial momentum for the policy-making decision across developing countries. These findings emphasized the need for policymakers to strengthen institutional frameworks to enhance the effectiveness of infrastructure and financial investments. Consequently, developing countries can better leverage these factors for sustainable economic growth. Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA 2024-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/111196/1/111196.pdf Rahman, Abdur and Atiyah, Ghassan Adhab and Zaeyr Sweedi, Sattar Jabbar and Althabhawi, Nabeel Mahdi (2024) Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]. (2024) Asia-Pacific Management Accounting Journal (APMAJ) <https://ir.uitm.edu.my/view/publication/Asia-Pacific_Management_Accounting_Journal_=28APMAJ=29.html>, 19 (3): 9. pp. 219-246. ISSN 2550-1631 10.24191/apmaj.v19i3-09 10.24191/apmaj.v19i3-09 10.24191/apmaj.v19i3-09
spellingShingle Economic development. Development economics. Economic growth
International finance
Rahman, Abdur
Atiyah, Ghassan Adhab
Zaeyr Sweedi, Sattar Jabbar
Althabhawi, Nabeel Mahdi
Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]
title Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]
title_full Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]
title_fullStr Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]
title_full_unstemmed Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]
title_short Dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / Abdur Rahman ... [et al.]
title_sort dynamic role of institutional quality on growth impact of capital inflow, finance, and infrastructure progress: developing country perspectives / abdur rahman ... [et al.]
topic Economic development. Development economics. Economic growth
International finance
url https://ir.uitm.edu.my/id/eprint/111196/1/111196.pdf
https://ir.uitm.edu.my/id/eprint/111196/
url_provider http://ir.uitm.edu.my/