Non-linearity and the threshold effect of transparency on economic growth: evidence from developing countries

IF 3.3 3区经济学 Q1 DEVELOPMENT STUDIES

Journal of Economic Policy Reform Pub Date : 2022-10-02 DOI:10.1080/17487870.2022.2136175

S. Law, S. Damayanti, Ali M. Kutan, Irwan Trinugroho

引用次数: 1

Abstract

ABSTRACT This study examines the linear and non-linear threshold impacts of transparency on economic growth in 70 developing countries from 1984 through 2018, utilizing panel generalized method of moments (GMM) and dynamic-panel threshold estimations. We find that the impact of transparency on growth is stronger when we use non-linear GMM, and dynamic-panel threshold estimations. There is a U-shaped relationship between transparency and economic growth, while transparency is found to stimulate economic growth, especially in a high-transparency threshold regime. The result reveals that financial development plays an important role in moderating the transparency–economic growth nexus in developing countries.

查看原文本刊更多论文

非线性和透明度对经济增长的阈值效应:来自发展中国家的证据

摘要本研究利用面板广义矩法和动态面板阈值估计，考察了1984年至2018年70个发展中国家透明度对经济增长的线性和非线性阈值影响。我们发现，当我们使用非线性GMM和动态面板阈值估计时，透明度对增长的影响更强。透明度与经济增长之间存在U型关系，而透明度可以刺激经济增长，尤其是在高透明度阈值制度下。结果表明，金融发展在调节发展中国家的透明度与经济增长关系方面发挥着重要作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Economic Policy Reform Multiple-

CiteScore

6.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Policy Reform focuses on the analysis of economic policy reform. The journal draws upon what lessons can be learned from the successes and failures of countries undertaking reforms and how existing theories can be developed to shed light on positive as well as normative aspects of the reform process. The Journal of Economic Policy Reform encourages work from economists and political economy analysts on policies to promote growth and reduce poverty, intellectual property rights, aid versus trade, debt and debt relief, taxation and social security systems, surveys of key reform issues, as well as on corruption, democracy, emerging markets and the role of multilateral institutions.