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Impact Of Non-Intermediation Activities Of Banks On Economic Growth And Volatility: An Evidence From Oic

Author

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  • MOHSIN ALI

    (School of Accounting and Finance, Faculty of Business and Law, Taylor’s University, Malaysia)

  • MANSOR H. IBRAHIM

    (International Centre for Education in Islamic, Finance (INCEIF), Lorong Universiti A, Malaysia)

  • MOHAMED ESKANDAR SHAH

    (International Centre for Education in Islamic, Finance (INCEIF), Lorong Universiti A, Malaysia)

Abstract

This paper investigates the impact of non-intermediation activities of banks on economic growth and volatility of OIC. For the purpose, we utilize LSDVC estimation approach using the sample of Organization of Islamic Countries (OIC) member countries for the period of 2001–2013. We find non-intermediation income to be insignificant for both economic growth and volatility of OIC member countries in general though it reduces volatility of Gulf Cooperation Council (GCC) economies. Intermediation activities are found to be insignificantly related with the growth of OIC member countries, but on the other hand, they are found to reduce volatility in OIC member countries. Our results are robust across different specifications and estimators.

Suggested Citation

  • Mohsin Ali & Mansor H. Ibrahim & Mohamed Eskandar Shah, 2022. "Impact Of Non-Intermediation Activities Of Banks On Economic Growth And Volatility: An Evidence From Oic," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 67(01), pages 333-348, March.
    • Handle: RePEc:wsi:serxxx:v:67:y:2022:i:01:n:s0217590820420023
    DOI: 10.1142/S0217590820420023
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