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Impact Of Non-Intermediation Activities Of Banks On Economic Growth And Volatility: An Evidence From Oic

Author

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  • MOHSIN ALI

    (School of Accounting and Finance, Faculty of Business and Law, Taylor’s University, Malaysia)

  • MANSOR H. IBRAHIM

    (International Centre for Education in Islamic, Finance (INCEIF), Lorong Universiti A, Malaysia)

  • MOHAMED ESKANDAR SHAH

    (International Centre for Education in Islamic, Finance (INCEIF), Lorong Universiti A, Malaysia)

Abstract

This paper investigates the impact of non-intermediation activities of banks on economic growth and volatility of OIC. For the purpose, we utilize LSDVC estimation approach using the sample of Organization of Islamic Countries (OIC) member countries for the period of 2001–2013. We find non-intermediation income to be insignificant for both economic growth and volatility of OIC member countries in general though it reduces volatility of Gulf Cooperation Council (GCC) economies. Intermediation activities are found to be insignificantly related with the growth of OIC member countries, but on the other hand, they are found to reduce volatility in OIC member countries. Our results are robust across different specifications and estimators.

Suggested Citation

  • Mohsin Ali & Mansor H. Ibrahim & Mohamed Eskandar Shah, 2022. "Impact Of Non-Intermediation Activities Of Banks On Economic Growth And Volatility: An Evidence From Oic," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 67(01), pages 333-348, March.
    • Handle: RePEc:wsi:serxxx:v:67:y:2022:i:01:n:s0217590820420023
    DOI: 10.1142/S0217590820420023
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    Cited by:

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    2. Li, Li, 2023. "Commodity prices volatility and economic growth: Empirical evidence from natural resources industries of China," Resources Policy, Elsevier, vol. 80(C).
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    7. Edib Smolo, 2022. "Bank Concentration and Economic Volatility in the OIC Countries: The Role of Financial Development," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 24(2), pages 79-121, December.
    8. Chien, FengSheng & Paramaiah, Ch & joseph, Robinson & Pham, Hong Chuong & Phan, Thi Thu Hien & Ngo, Thanh Quang, 2023. "The impact of eco-innovation, trade openness, financial development, green energy and government governance on sustainable development in ASEAN countries," Renewable Energy, Elsevier, vol. 211(C), pages 259-268.
    9. Hsu, Ching-Chi, 2023. "Influence of climate finance and natural resource consumption on the mitigation of climate change in developed countries in the Pre-COP26 era," Resources Policy, Elsevier, vol. 83(C).
    10. Chien, FengSheng & Vu, Trong Lam & Hien Phan, Thi Thu & Van Nguyen, Sang & Viet Anh, Nguyen Ho & Ngo, Thanh Quang, 2023. "Zero-carbon energy transition in ASEAN countries: The role of carbon finance, carbon taxes, and sustainable energy technologies," Renewable Energy, Elsevier, vol. 212(C), pages 561-569.
    11. Ade Banani & Bambang Sunarko, 2022. "Nexus between Green Finance, Creativity, Energy Accounting and Financial Performance: Banks Sustainability Analysis from Developing Country," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 447-455, November.
    12. Nguyen, Tran Thai Ha & Tu, Yu-Te & Diep, Gia Luat & Tran, Trung Kien & Tien, Nguyen Hoang & Chien, FengSheng, 2023. "Impact of natural resources extraction and energy consumption on the environmental sustainability in ASEAN countries," Resources Policy, Elsevier, vol. 85(PA).
    13. Fang, Ming & Chang, Chiu-Lan, 2023. "The role of COP26 commitment and technological innovation in depletion of natural resources: Evidence from BRICS countries," Resources Policy, Elsevier, vol. 81(C).

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