{"title":"机构质量与经济表现:亚洲国家研究","authors":"Alfa Rani Nayak, Kailash Chandra Pradhan","doi":"10.1177/09763996241233818","DOIUrl":null,"url":null,"abstract":"The objective of this article is to investigate the influence of institutional quality on the economic performance of 47 Asian countries, categorized into four income levels (low-income, lower-middle-income, upper-middle-income and high-income countries) over the period 1981–2021. The study utilizes six governance indicators, and a composite governance index is constructed to evaluate institutional quality. Economic performance is assessed through three key indicators: real gross domestic product (GDP), real GDP per capita (GDPPC) and the human development index (HDI). Except for HDI data, all variable data were sourced from the World Bank, while HDI data were obtained from the UNDP. The study employed panel regression, panel co-integration techniques and the autoregressive distributed lag model. The findings indicate that governance indicators have a positive and significant impact on GDP, GDPPC and HDI in Asian countries. Moreover, the study reveals that the influence of governance indicators on economic performance is more pronounced in high-income countries compared to other income levels in Asia. Consequently, the research emphasizes the importance of focusing on governance indicators for fostering economic growth and enhancing HDI in Asian countries.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.3000,"publicationDate":"2024-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Institutional Quality and Economic Performance: A Study of Asian Countries\",\"authors\":\"Alfa Rani Nayak, Kailash Chandra Pradhan\",\"doi\":\"10.1177/09763996241233818\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The objective of this article is to investigate the influence of institutional quality on the economic performance of 47 Asian countries, categorized into four income levels (low-income, lower-middle-income, upper-middle-income and high-income countries) over the period 1981–2021. The study utilizes six governance indicators, and a composite governance index is constructed to evaluate institutional quality. Economic performance is assessed through three key indicators: real gross domestic product (GDP), real GDP per capita (GDPPC) and the human development index (HDI). Except for HDI data, all variable data were sourced from the World Bank, while HDI data were obtained from the UNDP. The study employed panel regression, panel co-integration techniques and the autoregressive distributed lag model. The findings indicate that governance indicators have a positive and significant impact on GDP, GDPPC and HDI in Asian countries. Moreover, the study reveals that the influence of governance indicators on economic performance is more pronounced in high-income countries compared to other income levels in Asia. Consequently, the research emphasizes the importance of focusing on governance indicators for fostering economic growth and enhancing HDI in Asian countries.\",\"PeriodicalId\":41791,\"journal\":{\"name\":\"Millennial Asia\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.3000,\"publicationDate\":\"2024-03-08\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Millennial Asia\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1177/09763996241233818\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"AREA STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Millennial Asia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09763996241233818","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"AREA STUDIES","Score":null,"Total":0}
Institutional Quality and Economic Performance: A Study of Asian Countries
The objective of this article is to investigate the influence of institutional quality on the economic performance of 47 Asian countries, categorized into four income levels (low-income, lower-middle-income, upper-middle-income and high-income countries) over the period 1981–2021. The study utilizes six governance indicators, and a composite governance index is constructed to evaluate institutional quality. Economic performance is assessed through three key indicators: real gross domestic product (GDP), real GDP per capita (GDPPC) and the human development index (HDI). Except for HDI data, all variable data were sourced from the World Bank, while HDI data were obtained from the UNDP. The study employed panel regression, panel co-integration techniques and the autoregressive distributed lag model. The findings indicate that governance indicators have a positive and significant impact on GDP, GDPPC and HDI in Asian countries. Moreover, the study reveals that the influence of governance indicators on economic performance is more pronounced in high-income countries compared to other income levels in Asia. Consequently, the research emphasizes the importance of focusing on governance indicators for fostering economic growth and enhancing HDI in Asian countries.
期刊介绍:
Millennial Asia: An International Journal of Asian Studies is a multidisciplinary, refereed biannual journal of the Association of Asia Scholars (AAS)–an association of the alumni of the Asian Scholarship Foundation (ASF). It aims to encourage multifaceted, multidisciplinary and interdisciplinary research on Asia, in order to understand its fast changing context as a growth pole of global economy. By providing a forum for Asian scholars situated globally, it promotes dialogue between the global academic community, civil society and policy makers on Asian issues. The journal examines Asia on a regional and comparative basis, emphasizing patterns and tendencies that go beyond national borders and are globally relevant. Modern and contemporary Asia has witnessed dynamic transformations in cultures, societies, economies and political institutions, among others. It confronts issues of collective identity formation, ecological crisis, rapid economic change and resurgence of religion and communal identifies while embracing globalization. An analysis of past experiences can help produce a deeper understanding of contemporary change. In particular, the journal is interested in locating contemporary changes within a historical perspective, through the use of interdisciplinary and multidisciplinary approaches. This way, it hopes to promote comparative studies involving Asia’s various regions. The journal brings out both thematic and general issues and the thrust areas are: Asian integration, Asian economies, sociology, culture, politics, governance, security, development issues, arts and literature and any other such issue as the editorial board may deem fit. The core fields include development encompassing agriculture, industry, regional trade, social sectors like health and education and development policy across the region and in specific countries in a comparative perspective.