IDEAS home Printed from https://ideas.repec.org/a/src/jafeec/v7y2021i3p749-756.html
   My bibliography  Save this article

Capital Account Liberalization Institutions and Economic Growth in the Emerging World

Author

Listed:
  • Rehman, Muhammad Atiq-Ur-
  • Bashir, Furrukh
  • Shah, Salyha Zulfiqar Ali
  • Bhatti, Muhammad Azhar

Abstract

Purpose: The relationship between capital account liberalization and economic growth has been a fervently discussed subject among economists and policy-makers. The role of institutions is imperious to comprehensively investigate the impact of financial openness on growth. The objective of the study is to inspect the nexus between financial liberalization and economic growth after incorporating the contribution of institutional quality.Methodology: A panel of data on 17 emerging market economies (EMEs) is used for the period 1995-2019. We employ the GMM technique by using different de facto and de jure measures of financial liberalization along with institutional variables.Findings: The empirical results illustrate that better quality institutions strengthen the connection between capital account liberalization and output growth in the emerging World.Implications: The policymakers should focus on the more beneficial nature of financial liberalization such as FDI. Also, the policy should be aiming at availing the services of efficient human resources with proper institutional infrastructure.

Suggested Citation

  • Rehman, Muhammad Atiq-Ur- & Bashir, Furrukh & Shah, Salyha Zulfiqar Ali & Bhatti, Muhammad Azhar, 2021. "Capital Account Liberalization Institutions and Economic Growth in the Emerging World," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 7(3), pages 749-756, September.
    • Handle: RePEc:src:jafeec:v:7:y:2021:i:3:p:749-756
    DOI: http://doi.org/10.26710/jafee.v7i3.1984
    as

    Download full text from publisher

    File URL: https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/1984/1248
    Download Restriction: no
    File URL: https://libkey.io/http://doi.org/10.26710/jafee.v7i3.1984?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    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:src:jafeec:v:7:y:2021:i:3:p:749-756. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rabia Rasheed (email available below). General contact details of provider: https://edirc.repec.org/data/csrcmpk.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.