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The relationship between institutional quality and welfare: Panel-SUR Analysis on BRICS-T countries

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  • Şentürk, İsmail
  • Ali, Amjad
Abstract
In this study, the relationship between institutional quality and welfare has been tried to be examined in BRICS-T countries. For this purpose, the World Bank Worldwide Governance Index was used as an indicator of institutional quality, and its effect on economic growth, which is an indicator of welfare, was examined for the period 2002-2020. It has been determined that there is cross-sectional dependence and heterogeneity in the slope coefficients in the panel. As a result of the panel cointegration test of Westerlund and Edgerton (2007), it has been concluded that there is cointegration between the variables. Panel-SUR has been preferred as the coefficient estimation method. This method yields effective results when N

Suggested Citation

  • Şentürk, İsmail & Ali, Amjad, 2022. "The relationship between institutional quality and welfare: Panel-SUR Analysis on BRICS-T countries," MPRA Paper 114866, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114866
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    References listed on IDEAS

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    10. Ștefan Cristian Gherghina & Liliana Nicoleta Simionescu & Oana Simona Hudea, 2019. "Exploring Foreign Direct Investment–Economic Growth Nexus—Empirical Evidence from Central and Eastern European Countries," Sustainability, MDPI, vol. 11(19), pages 1-33, September.
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    Cited by:

    1. Dilshad Ahmad & Bilal Sarwar & Kiran Sarwar & Bilal Tariq, 2022. "Government revenue and Expenditure Nexus: Empirical Evidence of Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 246-252, December.
    2. Rida Ashraf & Ruby Usman & Tehseen Azhar, 2022. "Impact of Perceive CSR, Transformational Leadership and Perceived Organizational Support on Organizational Identification and Pro environmental Behavior of Employees in Pharmaceutical Industry of Paki," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 227-236, December.
    3. Ali, Amjad, 2022. "Determining Pakistan's Financial Dependency: The Role of Financial Globalization and Corruption," MPRA Paper 116097, University Library of Munich, Germany.
    4. Marc Audi & Marc Poulin & Amjad Ali, 2024. "Determinants of Business Freedom in Developing Countries: The Role of Institutional Development and Policy Mix," International Journal of Economics and Financial Issues, Econjournals, vol. 14(4), pages 188-199, July.
    5. Hafiz Muhammad Mushtaq & Kanwal Iqbal Khan & Adeel Nasir & Naheeda Ali, 2022. "Evaluating The Performance Of Islamic And Non-Islamic Mutual Funds: A Comparative Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(1), pages 184-196.
    6. Ali, Amjad, 2022. "Financial Liberalization, Institutional Quality and Economic Growth Nexus: Panel Analysis of African Countries," MPRA Paper 116101, University Library of Munich, Germany.
    7. Ismail Senturk & Fiaz Ahmad Sulehri & Syeda Mehak Ali, 2022. "Financial Development and Innovation Led-Growth: A Case of Selected Developing Countries," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(3), pages 81-97, September.
    8. Munir Ahmad & Prof. Dr. Muhammad Ishaque Fani, 2022. "Deradicalization Programs and Counter-Terrorism," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 253-256, December.
    9. Syed Musa Kazim & Adnan Adil & Sheharbano Tariq & Maria Idress, 2022. "Moderating Role of Death Attitude in the Relationship between Existential Vacuum and Spiritual Wellbeing," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 40-45, December.
    10. Saif Aslam & Dr. Naveed Ahmed & Maria Aslam & Sufi Nouman Riaz, 2023. "Comparative Analysis of Service Quality Instruments: Evidence from Higher Education Sector of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 825-834.
    11. Hamid Ali Nadeem & Arshad Mehmood Qamar & Memoona Shahid, 2022. "Exploring Happiness Level of Teachers working in Private Educational Institutions in Islamabad: A Case Study of Beacon House School System," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 205-212, December.
    12. Ali, Amjad, 2022. "Foreign Debt, Financial Stability, Exchange Rate Volatility and Economic Growth in South Asian Countries," MPRA Paper 116328, University Library of Munich, Germany, revised 2022.
    13. Fiaz Ahmad Sulehri & Muhammad Rizwan & Ismail Senturk, 2022. "The Impact Of Intangible Assets And Firm-Specific Factors On Cash Flows: An Empirical Analysis Of Public Firms Listed On The Pakistan Stock Exchange," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(3), pages 16-26.
    14. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi, 2023. "An Analysis of the Determinants of Trust in Virtual Buying: An Interpretive Structural Modeling Approach," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 103-116.

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    More about this item

    Keywords

    Institutional quality; BRICS-T; welfare; Panel-SUR;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare

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