Institutional Quality and Trade Flow: Empirical Evidence from Malaysia and Other OIC Member Countries in Africa

IF 0.8 Q2 AREA STUDIES

Insight on Africa Pub Date : 2021-03-02 DOI:10.1177/0975087820987174

H. Yusuf, Luqman Afolabi, W. Shittu, K. Gold, Murtala Muhammad

引用次数: 8

Abstract

This article examines the impact of institutional quality on bilateral trade flow between Malaysia and selected 25 African Organisation of Islamic Cooperation (OIC) member countries. Four institutional qualities were selected from World Governance Indicators with other trade predictors from the period from 1985 to 2016. Using gravity model of trade and Poisson pseudo-maximum likelihood estimation method (PPML) technique, the results confirm that government effectiveness, regulatory quality and political stability have an adverse effect on bilateral trade flow among the OIC countries in Africa. On the other hand, these institutional quality variables were considered as a strength for Malaysian economic growth. Therefore, better institutional quality reforms are needed among OIC member countries in Africa in order to accelerate trade, economic growth and development in their region.

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制度质量与贸易流动:来自马来西亚和其他伊斯兰合作组织非洲成员国的经验证据

本文考察了制度质量对马来西亚与选定的25个非洲伊斯兰合作组织(OIC)成员国之间双边贸易流动的影响。从1985年至2016年期间的世界治理指标和其他贸易预测指标中选择了四项制度质量。利用贸易重力模型和泊松伪极大似然估计方法(PPML)技术，研究结果证实，政府有效性、监管质量和政治稳定性对非洲伊斯兰合作组织国家之间的双边贸易流动有不利影响。另一方面，这些制度质量变量被认为是马来西亚经济增长的优势。因此，伊斯兰会议组织非洲成员国需要进行更好的机构质量改革，以加速其区域的贸易、经济增长和发展。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Insight on Africa AREA STUDIES-

CiteScore

1.80

自引率

0.00%

发文量

期刊介绍： nsight on Africa is a biannual peer-reviewed academic journal covering contemporary African affairs and issues of policy relevance. It focuses on, though not confined to, foreign policies and developmental issues of African countries. The journal specially encourages article submission on issues related to emerging powers in Africa, BRICS in Africa and Afro-Asian relations. The journal is owned by African Studies Association of India (ASA India) located at Centre for African Studies, Jawaharlal Nehru University, New Delhi and its publication is managed by Policy Research Institute of African Studies Association (PRIASA) based in New Delhi.