The Effect of Financial Development on Human Development in Developing Countries with a Focus on Institutional, Social and Economic Factors

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

BARKHORDARI SAJJAD; ABRISHAMI HAMID; ZOLFAGHARI MOJTABA

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Financial Economics Year:2019 | Volume:13 | Issue:48 Page(s): 217-237

Download Full-Text

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Verion

View:

1,192

Download:

Cites:

Information Journal Paper

Title

The Effect of Financial Development on Human Development in Developing Countries with a Focus on Institutional, Social and Economic Factors

Author(s)

BARKHORDARI SAJJAD | ABRISHAMI HAMID | ZOLFAGHARI MOJTABA | Issue Writer Certificate

Keywords

Financial developmentQ2

Human development indexQ2

Government efficiencyQ1

Urban populationQ1

Panel data modelQ1

Abstract

The concept of development has been considered in the economic literature. The main goal of development is to achieve better life circumstances and promoting a higher level of welfare for people in society. At this time, the best index in order to evaluate the economic growth (development) is Human development index (HDI). This index concentrates on development goals in three main aspects of development, which are achieving the honorable life, health, and knowledge access. In this study, we analyzed the relationship between Financial development and HDI. First, we identified three indexes in order to test Financial development including the ratio of debt liquidity to GDP, the ratio of commercial bank asset to total bank asset and the ratio of private sector allocated credits to GDP. In the second step, all information related to HDI and Financial development index for developing countries have evaluated. By adding the institutional, social, and economic control variables, the econometric model in data panel framework has represented. In which the relationship between Financial development and Human development index studied divided into three Financial development indexes the experimental model results of this study, which obtained from panel data estimation show that in developing countries, within three Financial development indexes, just the ratio of commercial bank asset to total bank asset has a significant and positive relationship with HDI. Furthermore, the results show that, the Government efficiency index doesn't have a significant effect on HDI. However, two other control variables such as the ratio of Urban population to total population and per capita income (PPP $) has a strong and positive effect on HDI.

Cites

No record.

References

No record.

Cite

APA: Copy

BARKHORDARI, SAJJAD, ABRISHAMI, HAMID, & ZOLFAGHARI, MOJTABA. (2019). The Effect of Financial Development on Human Development in Developing Countries with a Focus on Institutional, Social and Economic Factors. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 13(48 ), 217-237. SID. https://sid.ir/paper/229215/en

Vancouver: Copy

BARKHORDARI SAJJAD, ABRISHAMI HAMID, ZOLFAGHARI MOJTABA. The Effect of Financial Development on Human Development in Developing Countries with a Focus on Institutional, Social and Economic Factors. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2019;13(48 ):217-237. Available from: https://sid.ir/paper/229215/en

IEEE: Copy

SAJJAD BARKHORDARI, HAMID ABRISHAMI, and MOJTABA ZOLFAGHARI, “The Effect of Financial Development on Human Development in Developing Countries with a Focus on Institutional, Social and Economic Factors,” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 13, no. 48 , pp. 217–237, 2019, [Online]. Available: https://sid.ir/paper/229215/en

Related Journal Papers