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Public Governance And Financial Development In Central And Eastern European Countries

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  • Yilmaz Bayar

Abstract

Financial development has been accepted as an important component of economic growth together with the considerable improvements and expansions in financial sector during the recent years. Therefore, the determinants of financial development have gained importance. This study researches the interaction between public governance and the development of financial sector in 15 Central and Eastern European countries over the 2002-2015 period employing panel regression. The results of the paper revealed that most elements of the public governance are important factors for the development of financial sector.

Suggested Citation

  • Yilmaz Bayar, 2017. "Public Governance And Financial Development In Central And Eastern European Countries," Ekonomske ideje i praksa, Faculty of Economics and Business, University of Belgrade, issue 24, pages 53-65, March.
    • Handle: RePEc:beo:ekidpr:y:2017:i:24:p:53-65
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    References listed on IDEAS

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    More about this item

    Keywords

    public governance; financial development; panel data analysis;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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