金融发展能解释大湖国家的工业化吗?多维方法

IF 2.8 3区 经济学 Q2 BUSINESS, FINANCE
Rutazihana Pascal Ndyanabo, G. A. Muluh, Tiwang Gildas Ngueuleweu
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引用次数: 0

摘要

目的:本研究的目的是分析金融发展对大湖区国家工业化的影响。为此,我们使用的数据主要来自世界银行数据库,涵盖1985年至2020年期间。方法:方法基于可行广义最小二乘和自回归分布滞后模型作为估计技术。结果:五大湖区国家的金融发展通过国内信贷的方式对工业化产生了负面影响。这种效应适用于制度质量和自然资源总租金。此外,贸易开放度、人力资本和私人投资的比率对研究区域内各国的工业进程具有积极和显著的影响。对理论、政策和实践的独特贡献:为使金融体系足够稳健并促进本地区工业化进程,有必要适当加强积极的金融部门改革,改善商业环境以促进私营部门参与工业转型,加强本地区政府的问责制和效率,最重要的是,通过确保长期政治稳定来减轻战争的影响,促进工业发展的更好的治理结构。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does Financial Development Explain the Industrialization of Great Lakes Countries? A Multidimensional Approach
Purpose: The objective of this study is to analyze the effects of financial development on the industrialization of countries in the Great Lakes region. To this effect, we use data from secondary sources mainly from the World Bank databases covering the period 1985 to 2020. Methodology: The methodology was based on the Feasible Generalized Least Squares and Autoregressive Distributed Lag model as an estimation technique. Results: The results show that financial development through domestic credit granted to economies, negatively influences the industrialization of Great Lakes countries. This effect is true for the quality of institutional and the total rent of natural resources. In addition, the rate of trade openness, human capital, and private investment have a positive and significant effect on the industrial process of the countries of the region under examination. Unique Contribution to Theory, Policy and Practice: For the financial system to be sufficiently robust and contribute to the process of industrialisation in the region, it is necessary to strengthen positive financial sector reforms appropriately, improve the business climate to enhance private sector participation in industrial transformation, strengthen the accountability and effectiveness of governments in the region and, most importantly, mitigate the effects of war by ensuring long-term political stability to promote better governance structures for industrial development.
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来源期刊
CiteScore
5.70
自引率
6.90%
发文量
143
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