PulseTrendingJournal ClubResearchersJournalsExplore
Instagram
HomeTrendingJournal ClubExplore
Synapse
⌘+K
Synapse
July 4, 2026Journal of Public Affairs

Does Governance Quality Matter? A Comparative Investigation of Financial Liberalization and Economic Growth in Developed and Developing Countries

View Full Paper
Ask AI
Bookmark
Share

Authors

SZSalma ZahirHRHaseeb Ur RahmanIKIsmail Khan

Discussion

Loading...

Member takes

Overview

Comparative investigation reveals financial liberalization enhances economic growth in developed countries more than developing countries.

Key Points

  • This paper examines how financial liberalization and governance quality interact and affect economic growth in different countries.
  • Utilized Generalized Method of Moments (GMM) for estimation.
  • Employed Principal Component Analysis (PCA) to create indices for financial liberalization and governance quality.
  • Analyzed data from 28 countries (10 developed, 18 developing) between 1996 and 2023.
  • Financial liberalization positively impacts economic growth in all sampled countries.
  • Governance quality enhances the benefits of financial liberalization on economic growth, especially in developed countries.
  • Findings suggest that developing countries should prioritize financial liberalization and governance for better economic outcomes.

Cite This Study

Zahir et al. (2026) studied this question.

synapsesocial.com/papers/6a48a6b689561a0c2d78e9b5https://doi.org/10.1002/pa.70147
View Full Paper
Ask AI
Bookmark
Share