Economics at your fingertips  

Testing the Governance-Productivity Nexus for Emerging Asian Countries

Ghulam Mustafa () and Muhammad Jamil ()
Additional contact information
Ghulam Mustafa: Assistant Professor, Department of Economics, Federal Urdu University of Arts, Science and Technology, Islamabad, Pakistan.
Muhammad Jamil: Assistant Professor, School of Economics, Quaid-i-Azam University, Islamabad, Pakistan.

Lahore Journal of Economics, 2018, vol. 23, issue 1, 143-169

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.

Keywords: Governance; total factor productivity; economic growth. (search for similar items in EconPapers)
JEL-codes: C23 D24 E24 O40 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... fa%20and%20Jamil.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Lahore Journal of Economics from Department of Economics, The Lahore School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Shahid Salahuddin ().

Page updated 2019-06-21
Handle: RePEc:lje:journl:v:23:y:2018:i:1:p:143-169