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A nonparametric quantile analysis of growth and governance

In: Nonparametric Econometric Methods

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  • Kim P. Huynh
  • David T. Jacho-Chávez

Abstract

Conventional wisdom dictates that there is a positive relationship between governance and growth. This article reexamines this empirical relationship using nonparametric quantile methods. We apply these methods on different levels of countries' growth and governance measures as defined in World Governance Indicators provided by the World Bank. We concentrate our analysis on three of the six measures: voice and accountability, political stability, and rule of law that were found to be significantly correlated with economic growth. To illustrate the nonparametric quantile analysis we use growth profile curves as a visual device. We find that the empirical relationship between voice and accountability, political stability, and growth are highly nonlinear at different quantiles. We also find heterogeneity in these effects across indicators, regions, time, and quantiles. These results are a cautionary tale to practitioners using parametric quantile methods.

Suggested Citation

  • Kim P. Huynh & David T. Jacho-Chávez, 2009. "A nonparametric quantile analysis of growth and governance," Advances in Econometrics, in: Nonparametric Econometric Methods, pages 193-221, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aecozz:s0731-9053(2009)0000025009
    DOI: 10.1108/S0731-9053(2009)0000025009
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    Cited by:

    1. Aziz, Ghazala & Sarwar, Suleman, 2023. "Revisit the role of governance indicators to achieve sustainable economic growth of Saudi Arabia – pre and post implementation of 2030 Vision," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 213-227.
    2. Mekonnen Bogale Abegaz & Kenenisa Lemi Debela & Reta Megersa Hundie, 2023. "The effect of governance on entrepreneurship: from all income economies perspective," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-18, December.
    3. Yosra Saidi & Anis Ochi & Samir Maktouf, 2023. "FDI inflows, economic growth, and governance quality trilogy in developing countries: A panel VAR analysis," Bulletin of Economic Research, Wiley Blackwell, vol. 75(2), pages 426-449, April.

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