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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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    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.
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    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.
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    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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