IDEAS home Printed from
   My bibliography  Save this article

The Effect of Institutions on Development of Islamic Countries in Group D8


  • Amiri, Behzad

    () (Ph.D. Student in Economics, Bu-Ali Sina University)

  • Shahabadi , Abolfazl

    () (Associate Professor, Bu-Ali Sina University)


Having proper level of development to enjoy from its benefit (wealth, welfare and equality) is one of priorities every society. There are many factors that effect on development. One of these factors is institutions and it has dedicated much discussion among development researchers and politician. Institutions by reducing the transaction costs, decrease investment risk and greater participation of people in economic activities, social and political can have a positive impact on development process .In this regard, in this paper, we investigate the effect of institutions (it shows using governance indicators) on development in the Islamic member countries of Group D8 within the period 1999-2013 by panel data method. The result show that variable of institutions has positive and significant effect on development. Also, variable of capital, variable of FDI and variable of equality have positive and significant effect on development. Human capital variable has positive and insignificant effect on development.

Suggested Citation

  • Amiri, Behzad & Shahabadi , Abolfazl, 2015. "The Effect of Institutions on Development of Islamic Countries in Group D8," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 2(3), pages 93-118, December.
  • Handle: RePEc:ris:qjatoe:0021

    Download full text from publisher

    File URL:
    File Function: Full text
    Download Restriction: no

    More about this item


    Institutions; Development; Group D8 countries.;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:qjatoe:0021. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sakineh Sojoodi). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.