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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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    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:

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    2. 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.
    3. 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.
    4. 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.
    5. Ali, Amjad, 2022. "Determining Pakistan's Financial Dependency: The Role of Financial Globalization and Corruption," MPRA Paper 116097, University Library of Munich, Germany.
    6. 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.
    7. 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.
    8. 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.
    9. 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.
    10. Ali, Amjad, 2022. "Financial Liberalization, Institutional Quality and Economic Growth Nexus: Panel Analysis of African Countries," MPRA Paper 116101, University Library of Munich, Germany.

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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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