Governance and economic growth in Asia

Huang, Chiung-Ju; Ho, Yuan-Hong

doi:10.1016/j.najef.2016.10.010

Cited by 69 publications

(44 citation statements)

References 16 publications

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“…More recently, Fayissa and Nsiah () conclude that the role of governance in economic growth depends on the level of income. The results of Huang and Ho () show that with the exception of South Korea, Asian countries exhibited no significant causality running from governance to economic growth. The theoretical model of Blackburn, Bose, and Haque () incorporates the essential features that government intervention requires public officials to gather information and administer policies.…”

Section: Hypotheses and Literature Reviewmentioning

confidence: 99%

Corruption and Economic Growth: Some New Empirical Evidence from a Global Sample

Sharma

Mitra

2019

J of Intl Development

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This paper assesses the impact of corruption control and regulation quality on growth across countries over the period 1996 through 2015. After dealing with the possible endogeneity problem through the dynamic panel data models, our findings are suggestive of the positive effects of corruption control. Thus, our analysis tends to support the ‘sand the wheels' view at the aggregate level as well as for lower and lower–middle‐income countries. Similar results are also obtained for regulation quality. However, contrary to the theoretical arguments, the joint effect of regulation and corruption does not seem to be significant empirically for countries from any of the income groups. Evidence is also indicative of a positive effect on trade across countries from all income groups. Although our results failed to support the natural resource curse hypothesis, countries with efficient institutions and low level of corruption are not seen to experience any resource curse. Finally, policy implications of these findings are brought out. © 2019 John Wiley & Sons, Ltd.

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Section: Hypotheses and Literature Reviewmentioning

confidence: 99%

Corruption and Economic Growth: Some New Empirical Evidence from a Global Sample

Sharma

Mitra

2019

J of Intl Development

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“…[17] stated that developing Asian economies with government effectiveness, regulatory quality, and the rule of law scoring above the global means would grow faster on average than those scoring below the global means. [18] investigated the causal relationship between governance and economic growth in twelve Asian countries. Using Granger causality for three sample countries (Free, Partly Free, and Not Free), they indicated that various dimensions of governance (from WGI indicators) lead to more significant economic growth in ''Not Free" countries when compared to ''Free" and ''Partly Free" countries.…”

Section: Literature Reviewmentioning

confidence: 99%

The Role of Institutional Conditions in the Impact of Economic Growth on Income Inequality

Behnezhad¹,

Razmi²,

Sadati³

2021

JFE

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Analysis of the factors determining economic growth rates, development, and economic welfare has found that structures and institutions have important effects on economic performance. They are the main cause of the differences between countries. In this regard, the present study examines the role of institutional conditions in the impact of economic growth on income inequality in countries with middle and high per capita income during 2004-2017. This study was conducted by the panel threshold method. To measure the institutional quality, the general index of good governance was used, which was obtained using the weighted average of the six governance indices of the World Bank. This model's threshold value is -0.6928, which shows that when the good governance index crosses this threshold and institutional quality improves, economic growth reduces income inequality to a greater extent.

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“…As well as there are studies resulting that government effectiveness level and/or institutional structure/political institutions or economic independence level have a positive effect on economic performance in empirical studies analysing whether government effectiveness level or the policies implemented by governments have an effect on macroeconomic variables [See. Knack and Keefer (1995), Barro (1996), Chong and Calderon (2000), Acemoglu, Johnson and Robinson (2001), Grogan and Moers (2001), Dawson (2003), Glaeser, La Porta, Lopez-de-Silane and Shleifer ( 2004), Law and Bany-Ariffin ( 2008), Justesen (2008), Lee and Kim (2009), Acemoglu and Robinson (2010), Mehanna, Yazbeck and Sarieddine (2010), Fayissa and Nsiah (2013), Alam, Kitenge and Bedane (2017), Güney (2017), Huang and Ho (2017)]. Moreover, there are studies resulting that this positive effect should be treated with caution [See.…”

Section: Theoretical Framework and Review Of The Literaturementioning

confidence: 99%

The Effect of Government Effectiveness and Rule of Law on Economic Growth: The Case of European Union Transition Economies

Şaşmaz

Sağdıç

2020

Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi

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Government effectiveness can be effective on the country's economy through the political decision-making process and institutions. Legalization along with political decision-making process and institutions is also important for the countries. In a similar vein, the rule of law which is also important in terms of obeying the rules, may have effects on economy because of legal transactions. Therefore, it is important to analyse the impact of the government effectiveness and the rule of law on the economy. With this study, the effect of government effectiveness and rule of law on economic growth for European Union Transition Economies is investigated by using panel data method over the period of 2002-2018. According to the results, it is concluded that government effectiveness has positive effect on economic growth, but the rule of law has no statistically significant effect on economic growth. Moreover, the results indicate unidirectional causality runs from government effectiveness to economic growth and bidirectional causality from the rule of law and economic growth.

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Governance and economic growth in Asia

Cited by 69 publications

References 16 publications

Corruption and Economic Growth: Some New Empirical Evidence from a Global Sample

Corruption and Economic Growth: Some New Empirical Evidence from a Global Sample

The Role of Institutional Conditions in the Impact of Economic Growth on Income Inequality

The Effect of Government Effectiveness and Rule of Law on Economic Growth: The Case of European Union Transition Economies

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