scholarly journals The quality of governance and economic growth in Croatia

2006 ◽  
Author(s):  
Marijana BAđun
Keyword(s):  
Economic Growth ◽  
Quality Of Governance

Effect of quality of governance on the relationship between illicit financial flows and economic growth

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hazlina Mohd Padil ◽  
Eley Suzana Kasim ◽  
Fazlida Mohd Razali ◽  
Ruhaya Atan ◽  
Haziq Aminullah
Keyword(s):  
Economic Growth ◽  
Measurement Theory ◽  
Empirical Support ◽  
Financial Flows ◽  
Content Type ◽  
Illicit Financial Flows ◽  
Quality Of Governance ◽  
Asean Countries ◽  
The Relationship

Purpose The purpose of this paper is twofold. First, the study aims to examine the direct effect of illicit financial flows (IFF) and quality of governance (QoG) on economic growth. Second, this study seeks to examine the moderating effect of QoG on the economic consequences of IFF. Design/methodology/approach This study collected data from nine The Association of Southeast Asian Nations (ASEAN) countries for the period of 10 years from 2008 to 2019. The study concerned an analysis of the testing of a conceptual framework which based on secondary data which may lack a comprehensive substantiation on the grounds of measurement theory. A partial least squares (PLS) modelling using the SmartPLS 3.2.8 version was used as a statistical tool to examine the measurement and structural model. Findings Key findings provide empirical support on the effect of IFF and QoG on economic growth. It also confirmed that QoG significantly moderated the relationship between IFF and economic growth by reducing the negative impact of IFF on economic growth. Practical implications Immediate corrective action needs to be implemented by policymakers of ASEAN countries to strengthen QoG to effectively curb IIF activities. Originality/value This study provides current empirical evidence on the relationship of IFF, QoG and economic growth within ASEAN countries.

Threshold Effect of Raw Material Prices on Economic Growth of African Countries

2021 ◽  
pp. 2150009
Author(s):  
Houngbedji Sèwanoude´ Honore´
Keyword(s):  
Economic Growth ◽  
Nonlinear Effects ◽  
Threshold Effect ◽  
Raw Material ◽  
Policy Measure ◽  
African Countries ◽  
Dynamic Panels ◽  
Quality Of Governance ◽  
Material Price

We study the nonlinear effects of raw material prices measured by that of cotton product on the economic growth of a sample of African countries for the period of 1991–2019. Using the procedure for determining endogenous thresholds (Hansen, 1999) [Threshold effects in non-dynamic panels: Estimation, testing, and inference. Journal of Econometrics, 93, 345–368], the study revealed that raw material prices positively affect economic growth when the prices reach a threshold above 96.1. These results indicate that to be effective, any economic policy measure aimed at accelerating the economic growth of these commodity-dependent countries must take into account the level of raw material price indices, the quality of governance and the level of financial development.

scholarly journals Biurokracja a wzrost gospodarczy kraju

2004 ◽  
pp. 17-32
Author(s):  
Aldona Zawojska
Keyword(s):  
Economic Growth ◽  
Public Administration ◽  
Linear Regression Analysis ◽  
Quantitative Relationship ◽  
Macroeconomic Performance ◽  
Economic Growth Rate ◽  
Quality Of Governance ◽  
State Bureaucracy ◽  
The Impact

The objective of this paper is to show that the type of state bureaucracy is a key determinant of the country' s economic growth. In its theoretical part, the paper reviews the scientific literature that addresses the impact of the state organisation and quality of governance on economic growth and development: In the second part, the author empirically examines a quantitative relationship between macroeconomic performance in Poland over the 1995-2002 period and such bureaucracy characteristics as employment in public administration, defence and compulsory social security as well as the average remunerations in this section. The findings indicate that the country's economic growth rate and its GDP per capita are directly correlated to the level of employment and wages in public administration sector. According to simple linear regression analysis, both an increase in the number of public bureaucrats and the level of their wages adversely affect the rate of economic growth.

A FRAMEWORK FOR ANALYZING THE IMPACT OF FISCAL DECENTRALIZATION ON MACROECONOMIC PERFORMANCE, GOVERNANCE AND ECONOMIC GROWTH

2018 ◽  
Vol 65 (01) ◽  
pp. 3-39 ◽  
Author(s):  
UMAIMA ARIF ◽  
EATZAZ AHMAD
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Fiscal Decentralization ◽  
Direct Impact ◽  
Macroeconomic Performance ◽  
Indirect Impact ◽  
Quality Of Governance ◽  
Governance Institutions ◽  
The Impact

This study analyzes the direct impact of fiscal decentralization on economic growth and broadens the scope of assessment by examining the indirect impact of fiscal decentralization on economic growth via its impact on macroeconomic performance and quality of governance institutions. The study uses a panel data set of 53 developed and developing countries over the period of 1996–2014. The empirical findings show that the indirect impact, rather than the direct impact of fiscal decentralization on growth, that is, the effect of decentralization on economic growth through its effect on macroeconomic performance and quality of governance institutions significantly matters for growth. Further, the results show that fiscal decentralization is growth enhancing when supported by stable macroeconomic performance in terms of stability in prices, budget deficit and exchange rate. The effect of fiscal decentralization on per capita gross domestic product (GDP) growth rate is positive when it is complemented by sound institutional structure in terms of rule of law, low corruption in government institutions, high-bureaucratic quality and democratic accountability. All these conclusions hold for developed as well as for developing countries.

Financial Development and Economic Growth: Governance of Financial Institutions

Think India ◽  
2018 ◽  
Vol 21 (3) ◽  
pp. 1-8
Author(s):  
Dhiren Jotwani
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Financial Institution ◽  
Financial System ◽  
Developed Countries ◽  
Financial Systems ◽  
Governance Systems ◽  
Quality Of Governance ◽  
The Impact

India has witnessed significant growth in the economy over the past seven decades. Economic growth has been consistent and higher than many other developed countries even though there were few ups and downs. At the same time, the financial system has seen drastic changes, from composition, to markets and instruments, and to governance systems. In this study, first the process of financial development is studied. The issue of governance in financial systems is discussed. Next, the impact of financial development is studied, using type of financial institution to indicate governance, on the economy’s overall development. It is hypothesised that the quality of governance of financial systems will affect financial development and ultimately growth. It leads to the finding that the financial system contributes to economic growth in India. Governance of financial systems is crucial, but does not impede the process.

Economic Growth: New Problems and New Risks

2006 ◽  
pp. 20-37 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Driving Force ◽  
Structural Changes ◽  
Rate Of Growth

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Negative Balance ◽  
Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

Quality of Governance at the Communal Level in Poland: an Exploratory Study of the Worst Performer Case From the Opolskie Province

2020 ◽  
Vol 21 (1) ◽  
pp. 22-55
Author(s):  
Bartosz Czepil
Keyword(s):  
Exploratory Study ◽  
Quality Index ◽  
Extreme Case ◽  
Quality Level ◽  
Case Method ◽  
Major Conclusion ◽  
Second Stage ◽  
Quality Of Governance ◽  
Governance Quality

The objective of this paper is an attempt to explain the determinants of the lowest governance quality level in one of the communes of the Opolskie Province, Poland. The first stage of the research consisted in developing a commune-level governance quality index in order to measure the quality of governance in the 60 communes of the Opolskie Province. Subsequently, the commune with the lowest score in the index was qualified for the second stage of the research which was based on the extreme case method. The major conclusion from the research is that the commune leader's governance style which allowed him to hold on to power for many terms of office was responsible for generating low governance quality. Furthermore, the low quality of governance was not only the effect of the governance style but also the strategy aimed at remaining in the commune leader office for many terms.

Norman Uphoff, Milton J. Esman and Anirudh Krishna. Reasons for Success: Learning from Instructive Experiences in Rural Development. New Delhi: Sage Publications, 1998. Paperback. Indian Rs 250.00. 233 pages.

1998 ◽  
Vol 37 (3) ◽  
pp. 305-307
Author(s):  
Afia Malik
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Rural Development ◽  
Natural Resources ◽  
New Delhi ◽  
Rural Poor ◽  
Neoclassical Model ◽  
Rural People ◽  
Small Holders

Given the demographic realities in the developing world, it is not possible to solve the problems of poverty in these countries following the neoclassical model of economic growth. Since the majority of people are ruralites in these countries, the focus should be on rural development directly rather than on waiting for the benefits to trickle down to the rural poor. What is needed is to improve the quality of life and productivity of the small-holders or landless whose livelihood is based on natural resources which are depleting and require urgent attention. More options should be available for the rural people in their own area.

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