Governance and Economic Growth: Evidence of Ten Asian Countries
ثبت نشده
چکیده
Abstract—This study utilizes a frequency domain approach over the period of 1996 to 2013 to examine the causal relationship between governance and economic growth in ten Asian countries, which have different levels of democracy; classified as “Free”, “Partly Free”, and “Not Free” countries. The empirical results show that there is no Granger causality running from governance to economic growth in “Not Free” countries and “Partly Free” countries with the exception of Singapore. As for “Free” countries such as South Korea and Taiwan, there is a one-way causality running from governance to economic growth. The findings of this study indicate that policy makers in South Korea, Taiwan, and Singapore could use governance index to improve their predictions of the future economic growth.
منابع مشابه
The impact of good governance on environmental pollution in South West Asian Countries
Over the past few decades, good governance has become an important issue in public administration. One key reason behind this reality is the paramount role of government in promoting sustainable development and protecting the environment. Therefore, evaluating the impact of good governance on the quality of the environment could be taken into consideration by both economic researchers and polic...
متن کاملDoes Institutions Matter for Economic Development? Evidence for ASEAN Selected Countries
Abstract The theoretical and applied issues of the relationship between institutions and economic growth have thoroughly been examined in ASEAN countries. This study revisits the issue and tests the role of institutions in the economic growth using the World Governance Indicators (WGI) and uses a new method to examine the impact of the various institutions on the economic growth. We used dynam...
متن کاملInvestigating the Impact of Developing Financial Markets and Tax Revenues on Economic Growth in Southeast Asian Countries
The purpose of this paper is to investigate the impact of the development of financial markets and tax revenues on economic growth in Southeast Asian countries using data from the period 1980-1980. For this purpose, a supply-oriented endogenous growth pattern and due to the nonlinear relationship between the research variables, the PSTR model has been used. In this study, three indicators of fi...
متن کاملDynamics of Innovation and Governance Of Economic Growth
Innovation ability plays an important role in economic growth not only in under- developed countries, but also in developed countries, especially when markets are in recession. In this paper, we analyzed changes in major developments in the context of innovation capacity and the causality relation between innovation and its sources through an empirical study based on the automotive subcontracto...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2015