Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC)

摘要: Abstract This paper examines the relationship between quality of different dimensions institutional infrastructure and economic growth in a panel 39 member countries Organization Islamic Cooperation (OIC). The empirical results confirm that better-quality political institutions can have positive effects on growth. All all, evidence from nonlinear model reveals ensure stable government, less expropriation, low external conflict are core an matrix because they influence institutions, confirming “hierarchy hypothesis.” study also finds when accounted for, prevent internal tensions arising ethnic religious conflicts do not significant (positive) impacts Thus, reforms to upgrade both crucial for development OIC countries.