The impact of governance on economic growth in Malaysia

Huang, Chiung-Ju and Ho, Yuan-Hong (2021) The impact of governance on economic growth in Malaysia. International Journal of the Malay World and Civilisation, 9 (1). pp. 3-9. ISSN 2289-1706

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Official URL: http://www.ukm.my/jatma/jilid-9-bil-1/

Abstract

This study uses the Autoregressive Distributed Lag (ARDL) model to examine the effect of governance on economic growth in Malaysia over the 1996 to 2018 period. In this study the standard of governance is graded as democratic and scientific. These two global governance metrics are synonymous with “voice and accountability” and “political stability and absence of violence” (WGIs). In the meantime, four WGI metrics are concerned with “government effectiveness”, “regulatory quality”, “rule of law”, and “control of corruption”. Empirical results show that the impact of democratic quality and technical quality on economic growth is significantly positive. The findings suggest that the promotion of good governance is useful in facilitating economic growth in Malaysia.

Item Type:Article
Keywords:Autoregressive Distributed Lag Model; ARDL bounds test; Economic growth; Governance
Journal:International Journal of the Malay World and Civilisation (Formerly SARI)
ID Code:16199
Deposited By: ms aida -
Deposited On:11 Feb 2021 02:07
Last Modified:18 Feb 2021 02:26

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