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The Government Role on Financial Development: A Case Study of OPEC Countries
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Yekta Ashrafi *   , Mehdi Khoda parast mashhadi |
| , yekta_ashrafi@hotmail.com |
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Abstract: (7175 Views) |
| The importance of impact of financial Systems on economic growth has become even more pronounced in recent years. Improvement of financial system requires the proper function of government, especially in terms of corruption surveillance, and regulations. This paper is to identify the factors affecting financial development, such as the ratio of domestic credit provided to the private sector to GDP. This paper specially focuses on good governance governance Indexes such as Quality of regulation rank, government Effectiveness, Control of corruption and accountability. For this purpose, we investigate the relationship between financial development and economic growth in the some OPEC countries using panel data method over the period 2011 to 2002. Results of this study support the view that the government should involve in financial sector. The results confirm that good governance, per capita GDP, oil export and labor force has a positive and significant affect and the inflation rate has a negative and significant effect on financial development of OPEC countries. |
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| Keywords: Financial Development, Good Governance, OPEC Member Countries |
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Full-Text [PDF 805 kb]
(2855 Downloads)
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Type of Study: Applicable |
Subject:
Special
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