The impact of governance on economic growth in Malaysia
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...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Institute of the Malay World and Civilization, Universiti Kebangsaan Malaysia
2021
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| Online Access: | http://journalarticle.ukm.my/16199/1/jatma-2021-0901-01.pdf http://journalarticle.ukm.my/16199/ http://www.ukm.my/jatma/jilid-9-bil-1/ |
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| Summary: | 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. |
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