Abstract
This paper aimed at exploring the mediating role of quality of
the institution in relationship between “financial development
and economic growth” in selected Muslim countries from
2000-2017.The results of mediation analysis shows that quality
of the institution mediates the linkage between “financial
development and economic growth” in Muslim countries. The
contribution of both the sectors is significant and positive. In
addition, quality of the institution has a fundamental role in
growth in the given countries. The studies have witnessed
that economies grow faster over the period, which possesses
well-developed financial system, and financial development
helps in reducing poverty and enhancing long-term economic
growth. Therefore, this paper suggests that these economies
should develop their financial sector and enhance the quality
of institution for growth and development
Faqeer Muhammad, Rehmat Karim, Sajjad Haider. (2020) Financial Development and Economic Growth: The Mediating Role of Quality of the institutions in Muslim Countries, Pakistan Social Sciences Review, Volume 4, Issue 2.
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