Globalization and Institutional Quality—A Panel Data Analysis

2014 ◽  
Vol 42 (3) ◽  
pp. 365-394 ◽  
Author(s):  
Andreas Bergh ◽  
Irina Mirkina ◽  
Therese Nilsson
Author(s):  
Serap Baris

Focusing the effect of innovations on economic growth, the literature has not adequately cared about what determines the innovations or innovative capacity. However, policy makers and business leaders have accepted the need for creating platforms and institutions that promote innovative activities since it was accepted that innovations were the basic key to economic growth. This study focuses on the effect of institutions or institutional quality on the innovations. In this study where OECD countries have been selected as the sampling (1996–2015 period) and World Bank’s Worldwide Governance Indicators represent institutional quality while the number of patent application represents the innovation, the effect of institutional quality on the innovations has been examined through the methods of panel data analysis. Innovation is positively related to voice and accountability, political stability and rule of law while it is negatively related to control of corruption. Moreover, there has been no relationship determined between government effectiveness and regulatory quality and innovation. Findings of this study suggest that it is highly difficult to state what is the net effect of institutional quality on the innovations. Keywords: Governance, innovation, institutions, institutional quality, patent, panel data analysis.


Author(s):  
Hoi Le Quoc ◽  
Hoi Chu Minh

Financial development could exert various effects on income distribution of a country. By employing Generalized Method of Moment, this paper aims at examining the impacts of credit market depth, one of most used financial development barometers, on income inequality in Vietnam. The empirical findings show that expanding credit market in the country could lead to higher income inequality. We have not found evidence that supports the hypothesis of an inverted U-shaped relation ever introduced by Greenwood and Jovanovich, although this hypothesis may still hold in a sense that Vietnam has not reached to the inflection point to generate such a curve alike.


Author(s):  
Nurdan Gürkan ◽  
Ahmet Ferda Çakmak

The concept of entrepreneurial orientation, which emerges with the development of strategic management, refers to entrepreneurship orientations of businesses. The businesses need resources in other words organizational slack in order to develop their entrepreneurial trends. The organizational slack consists of three slack type. These slack types are available slack, recoverable slack and potential slack. The purpose of this study is to examine whether organizational slack in the businesses has an effect on entrepreneurial orientation. The relationship between organizational slack and entrepreneurial orientation was investigated through 20 companies that were traded in Borsa Istanbul Corporate Governance Index for 2010-2014 period using panel data analysis method. The results of the study indicate the existence of a statistically significant relationship between and the available slack and the recoverable slack with the entrepreneurial orientation in the businesses. According to findings; there was no statistically significant relationship between potential slack and entrepreneurial orientation.


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