Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)

This paper examines the relationship between quality of different dimension institutional infrastructure and economic growth in a panel of 39 Organization of Islamic Countries (OIC). the empirical results confirm that the better-quality political and economic institution can have positive effects on...

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Main Authors:	Slesman, Ly, Baharumshah, Ahmad Zubaidi, Ra'ees, Wahabuddin Sahibuddin
Format:	Article
Language:	English
Published:	Elsevier 2015
Subjects:	JA Political science (General) JF Political institutions (General)
Online Access:	http://irep.iium.edu.my/44710/ http://irep.iium.edu.my/44710/ http://irep.iium.edu.my/44710/ http://irep.iium.edu.my/44710/1/44710.pdf

id	iium-44710
recordtype	eprints
spelling	iium-447102017-08-14T07:56:23Z http://irep.iium.edu.my/44710/ Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC) Slesman, Ly Baharumshah, Ahmad Zubaidi Ra'ees, Wahabuddin Sahibuddin JA Political science (General) JF Political institutions (General) This paper examines the relationship between quality of different dimension institutional infrastructure and economic growth in a panel of 39 Organization of Islamic Countries (OIC). the empirical results confirm that the better-quality political and economic institution can have positive effects on on economic growth. All in all, the evidence fro the nonlinear model reveals that the quality of political institutions that ensure stable government, less expropriation, and low external conflict are the core dimensions of an institutional matrix because they influence the growth effects of economic institutions, confirming the "hierarchy of institutions hypothesis." the study also find that when political and economic institutions are accounted for, institutions that prevent internal conflict and tensions arising from ethnic and religious conflicts do not have significant (positive)impacts on growth. This institutional reforms to upgrade the of both political and economic institutions are crucial for development in OIC countries. Elsevier 2015-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/44710/1/44710.pdf Slesman, Ly and Baharumshah, Ahmad Zubaidi and Ra'ees, Wahabuddin Sahibuddin (2015) Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC). Economic Modelling, 51. pp. 214-225. ISSN 0264-9993 http://www.sciencedirect.com/science/article/pii/S0264999315002126 10.1016/j.econmod.2015.08.008
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	JA Political science (General) JF Political institutions (General)
spellingShingle	JA Political science (General) JF Political institutions (General) Slesman, Ly Baharumshah, Ahmad Zubaidi Ra'ees, Wahabuddin Sahibuddin Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)
description	This paper examines the relationship between quality of different dimension institutional infrastructure and economic growth in a panel of 39 Organization of Islamic Countries (OIC). the empirical results confirm that the better-quality political and economic institution can have positive effects on on economic growth. All in all, the evidence fro the nonlinear model reveals that the quality of political institutions that ensure stable government, less expropriation, and low external conflict are the core dimensions of an institutional matrix because they influence the growth effects of economic institutions, confirming the "hierarchy of institutions hypothesis." the study also find that when political and economic institutions are accounted for, institutions that prevent internal conflict and tensions arising from ethnic and religious conflicts do not have significant (positive)impacts on growth. This institutional reforms to upgrade the of both political and economic institutions are crucial for development in OIC countries.
format	Article
author	Slesman, Ly Baharumshah, Ahmad Zubaidi Ra'ees, Wahabuddin Sahibuddin
author_facet	Slesman, Ly Baharumshah, Ahmad Zubaidi Ra'ees, Wahabuddin Sahibuddin
author_sort	Slesman, Ly
title	Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)
title_short	Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)
title_full	Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)
title_fullStr	Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)
title_full_unstemmed	Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)
title_sort	institutional infrastructure and economic growth in member countries of the organization of islamic cooperation (oic)
publisher	Elsevier
publishDate	2015
url	http://irep.iium.edu.my/44710/ http://irep.iium.edu.my/44710/ http://irep.iium.edu.my/44710/ http://irep.iium.edu.my/44710/1/44710.pdf
first_indexed	2023-09-18T21:03:33Z
last_indexed	2023-09-18T21:03:33Z
_version_	1777410783459672064

Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)

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