نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشجوی دکترا دانشگاه ازاد-تهران مرکزی
2 استادیار گروه اقتصاد، دانشکده اقتصاد و حسابداری، دانشگاه آزاد اسلامی،واحد تهران مرکزی
3 دانشگاه آزاد اسلامی، دانشکده اقتصاد و حسابداری واحد تهران مرکز
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
Economic welfare is one of the key indicators for evaluating the economic and social performance of countries and is affected by institutional, human, technological, and macroeconomic factors. This study examines the effects of good governance and economic corruption on economic welfare in 18 selected developing countries over the period 2000–2022. For this purpose, a Panel Smooth Transition Regression model is applied. Economic welfare is proxied by the Human Development Index, good governance is used as a proxy for formal institutional quality, and economic corruption is considered as a proxy for informal institutional quality. Education, life expectancy, population growth, mobile cellular subscriptions, unemployment, and inflation are also included as control variables.
The results of panel unit root tests indicate that all variables are stationary in first differences. Moreover, the linearity test and goodness-of-fit criteria confirm the existence of a nonlinear and threshold relationship between institutional variables and economic welfare. The findings show that economic corruption is a more appropriate transition variable than good governance, and the model with two threshold locations is selected as the optimal specification. The results also indicate that the effects of explanatory variables on economic welfare differ across regimes. In the upper regime, education has a positive and significant effect on economic welfare, while inflation has a negative and significant effect. Therefore, reducing corruption, strengthening human capital, and controlling inflation can play an important role in improving economic welfare in developing countries.
کلیدواژهها [English]
)