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RISS 인기검색어
- 검색키워드
- 저자 : Rukshana Salam(Rukshana Salam ) (검색결과 2 건)
- 무료
- 기관 내 무료
- 유료
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The Effect of Foreign Aid on Governance in Developing Countries
Rukshana Salam,Jinyoung Hwang 한국무역연구원 2021 The International Academy of Global Business and T Vol.17 No.1
Purpose – This paper studies the effect of foreign aid on the quality of governance in developing countries. Since the results on the effect of foreign aid on governance are often ambiguous, conflicting, and inconclusive, the objective of this study is to contribute to the existing literature by finding rigorous, systematic, and comprehensive assessments of the relationship between foreign aid and governance. Design/Methodology/Approach – We applied the system-GMM estimator and examined the panel data of 65 countries to provide empirical evidence over the period 1996-2016. Findings – Our findings provide evidence of a significant and positive effect of foreign aid on overall governance. While estimating the effects of aid on each of the six dimensions, we also find positive signs in all models, but they are not significant in all cases. Research Implications – The findings of this study imply that different dimensions of governance respond to aid differently. The empirical results of our study have important implications for both the donors and recipients of foreign aid. The paper suggests that policy actions oriented to the strengthening of good governance should get priority, as our results confirmed the effectiveness of aid in improving the quality of governance; improved governance may also positively impact the other macroeconomic indicators of recipient countries.
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Financial Intermediation and Economic Growth: Evidence from Nepal
Birendra Narayan Shah(Birendra Narayan Shah ),Md Iqbal Bhuyan(Md Iqbal Bhuyan ),Sung-Sik Kim(Sung-Sik Kim),Rukshana Salam(Rukshana Salam ) The International Academy of Global Business and T 2023 The International Academy of Global Business and T Vol.19 No.3
Purpose - This study aims to investigate the role of financial intermediation in Nepalese economic growth using time-series data over the period from 1974 to 2019. In order to establish the relationship, GDP per capita is used as a proxy for economic growth, while private sector credit, commercial bank assets, and the broad money supply serve as proxy measures of financial intermediation. Design/Methodology/Approach - To obtain empirical results, the Johansen test of co-integration, the vector error correction model, and the Granger causality test are applied. Findings - The results support finance-led growth in Nepal, implying that financial intermediation is positively associated with economic growth in the long run. A positive association with total trade was observed in the short run, but a negative effect was found in the long run. Granger causality tests indicate that the broad money supply and commercial bank assets are bidirectionally related to Nepal’s economic growth, while private sector credit is unidirectional. Research Implications - The findings suggest that if central bank authorities prioritized monetary policy tools, it may foster economic growth in Nepal in both the short- and long terms. In addition, for the persistent growth of the Nepalese economy, the banking sector should be reformed by employing more liberal policies. The study also suggests that policymakers should take immediate action to correct the direction of Nepalese foreign trade.
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