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ROLE OF INSTITUTIONAL QUALITY FINANCIAL DEVELOPMENT AND INDUSTRIALIZATION IN HUMAN DEVELOPMENT OF SELECTED ASIAN COUNTRIES

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10 Pages : 89-96

http://dx.doi.org/10.31703/gssr.2022(VII-IV).10      10.31703/gssr.2022(VII-IV).10      Published : Dec 2022

Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries

Abstract

    Human development has gained much significance in economies.This study highlight the role of institutional quality, financial development,and industrialization in human development in selected Asian countries. The human development index is used as a dependent variable. The study has used the GMM technique for this analysis. The study results demonstrate that institutional quality, financial development, industrialization, and trade openness have played a significant and positive role in determining the human development of selected Asian countries. It is recommended that the government should provide a more stable environment to encourage more production, investment, and trade to enhance the living standard and human development of the selected economies. It is concluded that financial development may improve human development. There is a need for more transparency and improved institutional quality for human development.

    (1) Najeeb Muhammad Nasir
    Department of Finance, College of Business Administration, King Saud University, Riyadh, Saudi Arabia.
    (2) Nasir Ali
    Department of Finance, College of Business Administration, King Saud University, Riyadh, Saudi Arabia.
    (3) Tanvir Farooq Khan
    Department of Finance, College of Business Administration, King Saud University, Riyadh, Saudi Arabia.
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Cite this article

APA

    APA : Nasir, N. M., Ali, N., & Khan, T. F. (2022). Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries. Global Social Sciences Review, VII(IV), 89-96. https://doi.org/10.31703/gssr.2022(VII-IV).10

CHICAGO

    CHICAGO : Nasir, Najeeb Muhammad, Nasir Ali, and Tanvir Farooq Khan. 2022. "Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries." Global Social Sciences Review, VII (IV): 89-96 doi: 10.31703/gssr.2022(VII-IV).10

HARVARD

    HARVARD : NASIR, N. M., ALI, N. & KHAN, T. F. 2022. Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries. Global Social Sciences Review, VII, 89-96.

MHRA

    MHRA : Nasir, Najeeb Muhammad, Nasir Ali, and Tanvir Farooq Khan. 2022. "Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries." Global Social Sciences Review, VII: 89-96

MLA

    MLA : Nasir, Najeeb Muhammad, Nasir Ali, and Tanvir Farooq Khan. "Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries." Global Social Sciences Review, VII.IV (2022): 89-96 Print.

OXFORD

    OXFORD : Nasir, Najeeb Muhammad, Ali, Nasir, and Khan, Tanvir Farooq (2022), "Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries", Global Social Sciences Review, VII (IV), 89-96

TURABIAN

    TURABIAN : Nasir, Najeeb Muhammad, Nasir Ali, and Tanvir Farooq Khan. "Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries." Global Social Sciences Review VII, no. IV (2022): 89-96. https://doi.org/10.31703/gssr.2022(VII-IV).10