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Full-Text Articles in Social and Behavioral Sciences
Infrastructure And Economic Development, Cassey Lee
Infrastructure And Economic Development, Cassey Lee
Faculty of Commerce - Papers (Archive)
The importance of the infrastructure sector to the process of economic growth and development has long been recognized and understood by scholars and policymakers. Without adequate infrastructure, modern commerce characterized by production specialization and exchange across markets would grind to a halt. Economic globalization would not take place without the reduction in communication and transportation costs brought about by the progress achieved in the development of infrastructure within and across countries. Thus, any attempt at understanding Malaysia’s past experiences in economic development thus requires an analysis of the role that the infrastructure has played. The purpose of this chapter is …
The Role Of The Government In Financial Sector Development, Arusha Cooray
The Role Of The Government In Financial Sector Development, Arusha Cooray
Faculty of Commerce - Papers (Archive)
This study examines the impact of two dimensions of the government, namely, size and quality, on two dimensions of the financial sector, size and efficiency, in a cross section of 71 economies. The study finds that increased quality of the government as measured by governance and legal origin positively influences both financial sector size and efficiency. The size of the government proxied by government expenditure and the government ownership of banks has a negative effect on financial sector efficiency, and a positive impact on financial sector size, particularly in the low income economies.