What factors influence the quality of governance institutions? An Asian perspective

This paper focuses on the process by which the quality of institutions has changed in developing Asia. It is argued that much institutional change is the result of a slow, piecemeal, evolutionary process that is often set in motion via changes in economic policy. Specifically, the quality of particu...

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Bibliographic Details
Published in:Journal of Asian economics 2020-10, Vol.70, p.101238, Article 101238
Main Authors: Grabowski, Richard, Self, Sharmistha
Format: Article
Language:English
Subjects:
Asia
Institutional quality
Policy
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Summary:This paper focuses on the process by which the quality of institutions has changed in developing Asia. It is argued that much institutional change is the result of a slow, piecemeal, evolutionary process that is often set in motion via changes in economic policy. Specifically, the quality of particular governance institutions is often dependent on economic policy. Various measures of governance institutional quality, for eleven developing countries in Asia, constructed by the World Bank are used to empirically test the hypothesis. The results of the estimations indicate that policies related to enhancing agricultural labor productivity, reducing dependence on natural resources, and increasing school enrollments have been most important in terms of positively influencing the quality of governance institutions developing Asia.
ISSN:1049-0078
1873-7927
DOI:10.1016/j.asieco.2020.101238