Finance, institutions and human development: Evidence from developing countries

摘要: The paper aims to examine the role of institutions and human development in financial at early developing stages economic development, using data from 52 economies during 1985–2008. In order provide a more comprehensive assessment, especially finance-institutions link, we decompose into economic, political social; quality government, intervention legal system. results demonstrate that: (i) institutional can explain international differences level banking sector development; (ii) are extremely significant for (iii) system is dominant dimension institutions; (iv) combined reforms matter than separate reforms.