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PUBLIC GOVERNANCE AND FINANCIAL DEVELOPMENT IN CENTRAL AND EASTERN EUROPEAN COUNTRIES

Yilmaz Bayar

Ekonomske ideje i praksa, 2017, issue 24, 53 - 65

Abstract: Financial development has been accepted as an important component of economic growth together with the considerable improvements and expansions in financial sector during the recent years. Therefore, the determinants of financial development have gained importance. This study researches the interaction between public governance and the development of financial sector in 15 Central and Eastern European countries over the 2002-2015 period employing panel regression. The results of the paper revealed that most elements of the public governance are important factors for the development of financial sector.

Keywords: public governance; financial development; panel data analysis (search for similar items in EconPapers)
JEL-codes: G10 G20 G28 H83 C33 (search for similar items in EconPapers)
Date: 2017
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