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primary topic: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality
type: AcademicArticle
type: Article
abstract: The impact of financial development (FD) on economic growth in the context of Malaysia and Indonesia has been examined in this study regarding the role of the financial crisis and strategic changes in the institutional setup. Autoregressive distributed lags and threshold regression were applied, and time series data were analyzed for the period between 1984 and 2017 revealing that FD promoted the economic growth in both economies during this period. A nonlinear analysis also revealed that FD and economic growth follow an inverted U-shape relation in the case of Malaysia whereas, in Indonesia, it followed a U-shape relation. It was discovered that not all measures of FD promote economic growth. For instance, market capitalization was profound in the Malaysian economy while credit to the private sector and money supply was conducive for the Indonesian economy. The analysis demonstrated that the Asian and global financial crisis adversely affected economic growth in the case of Indonesia due to poor institutional quality (IQ), whereas in Malaysia it was relatively safe from the adversity brought about by the financial crisis due to the presence of IQ and good corporate governance. However, a positive change in IQ was found to have a much greater impact on augmenting economic growth rather than playing a mediating role in connection with FD and economic growth in Malaysia. In the context of Indonesia however, IQ was found to impede economic growth but played a positive and significant mediating role in the nexus of FD and economic growth. The spill-over analysis revealed that Malaysian FD is positively associated with Indonesian economic growth while Indonesian FD is negatively associated with the Malaysian economy. This study provided all economic and anecdotal explanations in supporting the results of this study.
date: 2019-09
volume: 28
issue: 5
is part of: Strategic Change
status: peerReviewed
status: published
author list: authors
type: EPrint
type: ArticleEPrint
is part of: repository
has document: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
has document: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
subject: HG Finance

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
type: Document
has file: 5. Sohag_et_al-2019-Strategic_Change.pdf
has part: 5. Sohag_et_al-2019-Strategic_Change.pdf

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
type: Document
has file: 5. Hasil Cek Turnitin_Comparative study on finance-growth nexus in Malaysia and Indonesia...pdf
has part: 5. Hasil Cek Turnitin_Comparative study on finance-growth nexus in Malaysia and Indonesia...pdf

John Wiley & Sons Ltd
type: Organization

Strategic Change
type: Collection
issn: 1099169710861718

S.M. Riad Shams
type: Person
given name: S.M. Riad
family name: Shams

Kazi Sohag
type: Person
given name: Kazi
family name: Sohag

Normah Omar
type: Person
given name: Normah
family name: Omar

Grahita Chandrarin
type: Person
given name: Grahita
family name: Chandrarin

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
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is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
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has file: indexcodes.txt
has part: indexcodes.txt

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
type: Document
is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is index codes version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
has file: indexcodes.txt
has part: indexcodes.txt

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
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Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
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is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
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Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
type: Document
is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
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Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
type: Document
is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
issmall thumbnail version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
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Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
type: Document
is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
islightbox thumbnail version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
has file: lightbox.jpg
has part: lightbox.jpg

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
type: Document
is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
ispreview thumbnail version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
has file: preview.jpg
has part: preview.jpg

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
type: Document
is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
ismedium thumbnail version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
has file: medium.jpg
has part: medium.jpg

Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Other)
type: Document
is version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
is volatile version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
issmall thumbnail version of: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality (Text)
has file: small.jpg
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primary topic: Comparative study on finance-growth nexus in Malaysia and Indonesia: Role of institutional quality

HG Finance
type: Concept