دور جودة المؤسسات في تطوير التنمية المالية في الدول الناشئة : دراسة قياسية خلال الفترة (1996-2020)‎

الملخص EN

This study aims to estimate the impact of the quality of institutions on the financial development of a group of 16 emerging countries between 1996 and 2020, using Panel data models and Principal Component Analysis (PCA).

The Financial Development Index contains two partial indicators (Money Supply M2 and Domestic Credit to the Private Sector).

The quality of institutions Index consists of the six indicators of governance in addition to government spending, inflation and trade openness.

The study concluded that the quality of institutions in its various dimensions has a positive impact on financial development in emerging countries, and this is consistent with the theory of law and finance through the role played by the legal and institutional environment in explaining the difference in levels of financial development between countries.

This is confirmed by many studies that dealt with this topic.