Institutional Quality and Welfare in BRICS-T Countries: A Panel Data Analysis
Yazarlar (1)
| Makale Türü | Özgün Makale |
| Makale Alt Türü | Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale |
| Dergi Adı | Journal of Policy Options |
| Dergi Tarandığı Indeksler | |
| Makale Dili | İngilizce |
| Basım Tarihi | 03-2020 |
| Cilt No | 3 |
| Sayı | 1 |
| Özet |
| The primary aim of this study was to investigate the nexus between institutional quality and welfare in BRICS-T countries. To achieve this objective, the World Bank Worldwide Governance Index was employed as a proxy for institutional quality, while its impact on economic growth, serving as a key indicator of welfare, was analyzed over the period spanning from 2002 to 2014. By utilizing the Worldwide Governance Index, which encompasses various dimensions of institutional quality including rule of law, government effectiveness, regulatory quality, control of corruption, and political stability, this study sought to comprehensively assess the quality of governance across BRICS-T nations. The analysis focused on examining the extent to which variations in institutional quality, as measured by the Governance Index, influenced economic growth dynamics within the BRICS-T countries. Economic growth was chosen as a pivotal determinant of welfare, reflecting the overall prosperity and standard of living experienced by individuals within these nations. Through rigorous econometric analysis and statistical modeling techniques, this study aimed to elucidate the nuanced relationship between institutional quality and economic growth, shedding light on the mechanisms through which institutional factors contribute to the welfare outcomes of BRICS-T countries. By examining data spanning more than a decade, from 2002 to 2014, this study provided valuable insights into the long-term trends and dynamics shaping the relationship between institutional quality and welfare in the BRICS-T context. The findings of this research have significant implications for ... |
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