Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa
This article examines the impact of institutional quality on bilateral trade flow between Malaysia and selected 25 African Organisation of Islamic Cooperation (OIC) member countries. Four institutional qualities were selected from World Governance Indicators with other trade predictors from the peri...
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my.um.eprints.350602022-05-13T11:40:07Z http://eprints.um.edu.my/35060/ Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa Yusuf, Hammed Agboola Afolabi, Luqman Olanrewaju Shittu, Waliu Olawale Gold, Kafilah Lola Muhammad, Murtala Foreign exchange. International finance. This article examines the impact of institutional quality on bilateral trade flow between Malaysia and selected 25 African Organisation of Islamic Cooperation (OIC) member countries. Four institutional qualities were selected from World Governance Indicators with other trade predictors from the period from 1985 to 2016. Using gravity model of trade and Poisson pseudo-maximum likelihood estimation method (PPML) technique, the results confirm that government effectiveness, regulatory quality and political stability have an adverse effect on bilateral trade flow among the OIC countries in Africa. On the other hand, these institutional quality variables were considered as a strength for Malaysian economic growth. Therefore, better institutional quality reforms are needed among OIC member countries in Africa in order to accelerate trade, economic growth and development in their region. SAGE Publications Ltd 2021-07 Article PeerReviewed Yusuf, Hammed Agboola and Afolabi, Luqman Olanrewaju and Shittu, Waliu Olawale and Gold, Kafilah Lola and Muhammad, Murtala (2021) Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa. Insight on Africa, 13 (2). pp. 177-191. ISSN 0975-0878, DOI https://doi.org/10.1177/0975087820987174 <https://doi.org/10.1177/0975087820987174>. 10.1177/0975087820987174 |
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Foreign exchange. International finance. Yusuf, Hammed Agboola Afolabi, Luqman Olanrewaju Shittu, Waliu Olawale Gold, Kafilah Lola Muhammad, Murtala Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa |
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This article examines the impact of institutional quality on bilateral trade flow between Malaysia and selected 25 African Organisation of Islamic Cooperation (OIC) member countries. Four institutional qualities were selected from World Governance Indicators with other trade predictors from the period from 1985 to 2016. Using gravity model of trade and Poisson pseudo-maximum likelihood estimation method (PPML) technique, the results confirm that government effectiveness, regulatory quality and political stability have an adverse effect on bilateral trade flow among the OIC countries in Africa. On the other hand, these institutional quality variables were considered as a strength for Malaysian economic growth. Therefore, better institutional quality reforms are needed among OIC member countries in Africa in order to accelerate trade, economic growth and development in their region. |
format |
Article |
author |
Yusuf, Hammed Agboola Afolabi, Luqman Olanrewaju Shittu, Waliu Olawale Gold, Kafilah Lola Muhammad, Murtala |
author_facet |
Yusuf, Hammed Agboola Afolabi, Luqman Olanrewaju Shittu, Waliu Olawale Gold, Kafilah Lola Muhammad, Murtala |
author_sort |
Yusuf, Hammed Agboola |
title |
Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa |
title_short |
Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa |
title_full |
Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa |
title_fullStr |
Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa |
title_full_unstemmed |
Institutional quality and trade flow: Empirical evidence from Malaysia and other OIC member countries in Africa |
title_sort |
institutional quality and trade flow: empirical evidence from malaysia and other oic member countries in africa |
publisher |
SAGE Publications Ltd |
publishDate |
2021 |
url |
http://eprints.um.edu.my/35060/ |
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1735409645681377280 |
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13.159267 |