| ID | 151709 |
| Title Proper | Does civil war hamper financial development? |
| Language | ENG |
| Author | Murshed, Syed Mansoob ; Hasan, M Rashel |
| Summary / Abstract (Note) | We examine how armed conflict effects financial development in a cross-country setting using dynamic panel data analysis in a panel of 66 developing countries for the period 1985–2010. Financial development is measured by M2 as a share of GDP, and credit allocated to private sector by banks as a share of GDP. Our findings suggest that armed conflict has a significant adverse effect on financial development. Simultaneously, the quality of governance is always highly significant and conducive to the financial development. The quality of governance is more salient in determining financial development compared to low- and medium-intensity armed conflict; however, the quality of governance cannot entirely offset the adverse impact of high-intensity armed conflict on financial development. |
| `In' analytical Note | Defence and Peace Economics Vol. 28, No.2; Apr 2017: p.188-207 |
| Journal Source | Defence and Peace Economics Vol: 28 No 2 |
| Key Words | Armed Conflict ; Financial Development ; Civil War ; Governance Quality |