Impact of Islamic Finance on Economic Growth

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Auteurs principaux: Hassan, M. Kabir, Hossain, Shadiya, Ahmed, Hasib
Format: Recurso digital
Langue:anglais
Publié: Zenodo 2022
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author Hassan, M. Kabir
Hossain, Shadiya
Ahmed, Hasib
author_facet Hassan, M. Kabir
Hossain, Shadiya
Ahmed, Hasib
contents <p>We estimate the influence of relative strength of Islamic finance on GDP growth for OIC countries, as well as the whole world. We examine both static and dynamic relationship between Islamic finance and economic development using the panel data. We find that Islamic finance has a strong positive relationship with economic growth. We also use propensity score matching in our analysis to account for variables predictive of log(GDP). Finally we address selection bias by using an iterative Markov Chain Monte Carlo method to fill in the missing variables. Both of these techniques reinforce our primary findings.</p>
format Recurso digital
id zenodo_https___doi_org_10_5281_zenodo_16947280
institution Zenodo
language eng
publishDate 2022
publisher Zenodo
record_format zenodo
spellingShingle Impact of Islamic Finance on Economic Growth
Hassan, M. Kabir
Hossain, Shadiya
Ahmed, Hasib
Islamic banking; financial inclusion; economic development; poverty
<p>We estimate the influence of relative strength of Islamic finance on GDP growth for OIC countries, as well as the whole world. We examine both static and dynamic relationship between Islamic finance and economic development using the panel data. We find that Islamic finance has a strong positive relationship with economic growth. We also use propensity score matching in our analysis to account for variables predictive of log(GDP). Finally we address selection bias by using an iterative Markov Chain Monte Carlo method to fill in the missing variables. Both of these techniques reinforce our primary findings.</p>
title Impact of Islamic Finance on Economic Growth
topic Islamic banking; financial inclusion; economic development; poverty
url https://doi.org/10.5281/zenodo.16947280