Do institutional governance and state fragility affect institutional quality in Asian economies?
Institutional Quality (IQ) and Institutional Governance (IG) are multi-dimensional concepts influenced by many indicators, making them researchable. Moreover, IQ in Asia is trending due to a diversified economy and development pattern. This paper investigates IQ in 25 Asian countries from 2009 to 20...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2023-04-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023026749 |
| _version_ | 1797836893014982656 |
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| author | Deyo Miao Samreen Gillani Hafiz Syed Mohsin Abbas Hongfeng Zhan |
| author_facet | Deyo Miao Samreen Gillani Hafiz Syed Mohsin Abbas Hongfeng Zhan |
| author_sort | Deyo Miao |
| collection | DOAJ |
| description | Institutional Quality (IQ) and Institutional Governance (IG) are multi-dimensional concepts influenced by many indicators, making them researchable. Moreover, IQ in Asia is trending due to a diversified economy and development pattern. This paper investigates IQ in 25 Asian countries from 2009 to 2020 by taking Country Policy and Institutional Rating as a proxy of Institutional Quality as a dependent variable, State Fragility (SF) determinants, and Institutional Governance (IG) as independent variables. The two-step GMM estimation shows that IG determinants, corruption control measures, political stability, and voice and accountability environment significantly impact IQ and development in Asian economies. On the contrary, External Intervention in policy and state affairs and SF have an adverse effect on the IQ and demote the country's development progress. It concludes that IQ in Asian economies has been substantially influenced by the IG and SF determinants. |
| first_indexed | 2024-04-09T15:17:16Z |
| format | Article |
| id | doaj.art-845aed3bfdb34615a95ed0c2f6f7dc6c |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-04-09T15:17:16Z |
| publishDate | 2023-04-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-845aed3bfdb34615a95ed0c2f6f7dc6c2023-04-29T14:56:52ZengElsevierHeliyon2405-84402023-04-0194e15467Do institutional governance and state fragility affect institutional quality in Asian economies?Deyo Miao0Samreen Gillani1Hafiz Syed Mohsin Abbas2Hongfeng Zhan3International Business School Suzhou, Xi'an Jiaotong–Liverpool University, Suzhou, PR ChinaDepartment of Economics, University of Central Punjab, Lahore, PakistanCollege of Public Administration, Huazhong University of Science and Technology, Wuhan 430074, Hubei, PR ChinaWuhan Univeristy Law School, Wuhan University, Wuhan, PR China; Corresponding author.Institutional Quality (IQ) and Institutional Governance (IG) are multi-dimensional concepts influenced by many indicators, making them researchable. Moreover, IQ in Asia is trending due to a diversified economy and development pattern. This paper investigates IQ in 25 Asian countries from 2009 to 2020 by taking Country Policy and Institutional Rating as a proxy of Institutional Quality as a dependent variable, State Fragility (SF) determinants, and Institutional Governance (IG) as independent variables. The two-step GMM estimation shows that IG determinants, corruption control measures, political stability, and voice and accountability environment significantly impact IQ and development in Asian economies. On the contrary, External Intervention in policy and state affairs and SF have an adverse effect on the IQ and demote the country's development progress. It concludes that IQ in Asian economies has been substantially influenced by the IG and SF determinants.http://www.sciencedirect.com/science/article/pii/S2405844023026749Institutional quality (I.Q.)Institutional governance (I.G.)State fragility (S·F.)Two-step-system GMM |
| spellingShingle | Deyo Miao Samreen Gillani Hafiz Syed Mohsin Abbas Hongfeng Zhan Do institutional governance and state fragility affect institutional quality in Asian economies? Heliyon Institutional quality (I.Q.) Institutional governance (I.G.) State fragility (S·F.) Two-step-system GMM |
| title | Do institutional governance and state fragility affect institutional quality in Asian economies? |
| title_full | Do institutional governance and state fragility affect institutional quality in Asian economies? |
| title_fullStr | Do institutional governance and state fragility affect institutional quality in Asian economies? |
| title_full_unstemmed | Do institutional governance and state fragility affect institutional quality in Asian economies? |
| title_short | Do institutional governance and state fragility affect institutional quality in Asian economies? |
| title_sort | do institutional governance and state fragility affect institutional quality in asian economies |
| topic | Institutional quality (I.Q.) Institutional governance (I.G.) State fragility (S·F.) Two-step-system GMM |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023026749 |
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