Testing the Governance-Productivity Nexus for Emerging Asian Countries

Journal article


Mustafa, Ghulam and Jamil, Muhammad 2018. Testing the Governance-Productivity Nexus for Emerging Asian Countries. Lahore Journal of Economics.
AuthorsMustafa, Ghulam and Jamil, Muhammad
Abstract

This paper presents panel data estimates of the relationship between governance, aggregate labor productivity (ALP) growth and total factor productivity (TFP) growth for 12 Asian economies between 1996 and 2013. Our results show that government effectiveness has a positive and significant effect on ALP in both levels and first differences. Regulatory quality has a positive impact on ALP only in first difference. Although both government effectiveness and regulatory quality have a positive effect on TFP growth in first difference, only political stability is significant and positive in the levels specification. Other findings indicate that physical capital and human capital have a positive effect on ALP growth. We also find evidence of positive spillover effects with respect to human capital. The positive association between governance, economic growth and productivity provide a better understanding of the role of governance in enhancing economic performance. Our findings have policy implications for ways to achieve good governance to enhance economic growth and productivity

KeywordsProductivity; Institutional Policy; Asia; Research Subject Categories::SOCIAL SCIENCES
Year2018
JournalLahore Journal of Economics
PublisherLahore School of Economics
Web address (URL)http://hdl.handle.net/10545/623969
http://creativecommons.org/publicdomain/zero/1.0/
hdl:10545/623969
Publication dates10 Jun 2018
Publication process dates
Deposited05 Jul 2019, 10:33
Accepted26 Mar 2018
Rights

CC0 1.0 Universal

ContributorsForman Christian College (A Chartered University) and Quaid-i-Azam University Islamabad
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