Social order and financial development

Mansokku Lee (), Changkuk Jung () and Taeyoung Lee ()
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Mansokku Lee: State University of New York at Geneseo
Changkuk Jung: Ulsan National Institute of Science and Technology
Taeyoung Lee: University of Utah

Economics Bulletin, 2018, vol. 38, issue 2, 901-907

Abstract: This paper focuses on examining the impacts of social order on financial development in the context of political and institutional influence in developing and least developed countries for a period of 1985-2011. Empirical results suggest that social order affects the depth of the financial sector whereas political and institutional determinants influence the efficiency of financial institutions.

Keywords: Social Order; Governance; Democracy; Financial Development (search for similar items in EconPapers)
JEL-codes: G1 G2 (search for similar items in EconPapers)
Date: 2018-04-29
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