بررسی تأثیر حاکمیتی و فساد اقتصادی بر رفاه اقتصادی در کشورهای منتخب درحال توسعه با به‌کارگیری مدل حد آستانه‌ای ملایم (PSTR)

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دانشجوی دکتری اقتصاد، دانشگاه آزاد واحد مرکزی، تهران، ایران

2 دانشیار دانشگاه آزاد اسلامی، واحد تهران مرکزی، تهران، ایران

3 استادیار دانشگاه آزاد اسلامی، واحد تهران مرکزی، تهران، ایران

چکیده

رفاه اقتصادی از شاخص‌های مهم ارزیابی عملکرد اقتصادی و اجتماعی کشورهاست و تحت تأثیر عوامل نهادی، انسانی، فناورانه و اقتصاد کلان قرار دارد. هدف این پژوهش بررسی تأثیر حکمرانی خوب و فساد اقتصادی بر رفاه اقتصادی در ۱۸ کشور منتخب درحال‌توسعه طی دوره ۲۰۰۰ تا ۲۰۲۲ است. برای این منظور، از الگوی رگرسیون انتقال ملایم پانلی استفاده شده است. در این مطالعه، شاخص توسعه انسانی به‌عنوان نماینده رفاه اقتصادی، شاخص حکمرانی خوب به‌عنوان نماینده کیفیت نهادی رسمی و شاخص فساد اقتصادی به‌عنوان نماینده کیفیت نهادی غیررسمی در نظر گرفته شده است. همچنین متغیرهای تحصیلات، امید به زندگی، نرخ رشد جمعیت، اشتراک تلفن همراه، نرخ بیکاری و نرخ تورم به‌عنوان متغیرهای کنترلی وارد مدل شده‌اند.
نتایج آزمون ایستایی نشان داد که متغیرهای پژوهش در تفاضل اول ایستا هستند. همچنین نتایج آزمون خطی‌بودن و معیارهای برازش، وجود رابطه غیرخطی و آستانه‌ای میان متغیرهای نهادی و رفاه اقتصادی را تأیید کرد. بر اساس نتایج، فساد اقتصادی نسبت به حکمرانی خوب، متغیر انتقال مناسب‌تری بوده و مدل دارای دو مکان آستانه‌ای به‌عنوان الگوی بهینه انتخاب شده است. یافته‌ها نشان داد که اثر متغیرها بر رفاه اقتصادی در رژیم‌های مختلف یکسان نیست؛ به‌گونه‌ای که در رژیم بالا، تحصیلات اثر مثبت و معنادار و نرخ تورم اثر منفی و معنادار بر رفاه اقتصادی دارد. بنابراین، کاهش فساد، تقویت سرمایه انسانی و کنترل تورم می‌تواند نقش مهمی در ارتقای رفاه اقتصادی کشورهای درحال‌توسعه داشته باشد.

کلیدواژه‌ها

موضوعات


عنوان مقاله [English]

Study of the Impact of Governance and Economic Corruption on Economic Welfare in Selected Developing Countries using the Panel Smooth Transition Regression (PSTR) Threshold Model

نویسندگان [English]

  • Camellia Aman 1
  • Ali Akbar Khosrovinejad Akbar Khosrovinejad 2
  • Gudratullah Imam Vardi 3
  • Marjan Daman Keshideh 3
1 PhD Student in Econometrics, Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran
2 Assistant Professor, Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran
3 Assistant Professor, Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran
چکیده [English]

Economic welfare is one of the key indicators for evaluating the economic and social performance of countries and is influenced by institutional, human, technological, and macroeconomic factors. This study aims to examine the impact of good governance and economic corruption on economic welfare in 18 selected developing countries over the period 2000 to 2022. For this purpose, a Panel Smooth Transition Regression (PSTR) model has been employed. In this study, the Human Development Index is considered as a proxy for economic welfare, the good governance index as a proxy for formal institutional quality, and the economic corruption index as a proxy for informal institutional quality. In addition, the model includes the control variables education, life expectancy, population growth rate, mobile phone subscription, unemployment rate, and inflation rate.
The stationarity test results showed that the study variables are stationary at first differences. Furthermore, the results of the linearity test and the goodness-of-fit criteria confirmed the existence of a nonlinear, threshold relationship between institutional variables and economic welfare. Based on the results, economic corruption was found to be a more appropriate transition variable than good governance, and a model with two threshold regimes was selected as the optimal specification. The findings indicate that the effects of the variables on economic welfare differ across regimes. In the high regime, education has a positive and significant effect, 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]

  • Good governance
  • Economic corruption
  • Economic welfare
  • Inflation rate
  • Panel Smooth Transition Regression (PSTR) model
  1. Aidt, T. S. (2009). Corruption, institutions, and economic development. Oxford review of economic policy, 25(2), 271-291.‏
  2. Aker, J. C., & Mbiti, I. M. (2010). Mobile phones and economic development in Africa. Journal of economic Perspectives, 24(3), 207-232.‏
  3. Bakhtiari, S., Ranjbar, H., & Ghorbani, S. (2013). Composite index of economic well-being and its measurement for selected developing countries. Economic Growth and Development Research, 3(9), 41–58 (In Persian).
  4. Beharoozi, M., Pourkiani, M., Derakhshan, M., & Mohammad Bagheri, M. (2020). Investigating the relationship between quality indicators, rule of law, and control of corruption on the Legatum Prosperity Index. Basij Strategic Studies, 22(85), 125–150 (In Persian).
  5. Chetwynd, E., Chetwynd, F., & Spector, B. (2003). Corruption and poverty: A review of recent literature. Management Systems International, 600, 5-16.‏
  6. Colletaz, G., & Hurlin, C. (2006). Threshold effects of the public capital productivity: an international panel smooth transition approach.‏
  7. Conceição, P. (2024). Human Development Report 2023/24. Breaking the Gridlock: Reimagining Cooperation in a Polarized World.‏
  8. D’Acci, L. (2011). Measuring well-being and progress. Social Indicators Research, 104(1), 47-65.‏
  9. Easterly, W., & Fischer, S. (2001). Inflation and the Poor. Journal of money, credit and banking, 160-178.‏
  10. Fazeli, M., & Jalili, M. (2018). A cross-country study of the relationship between quality of government, corruption level, and institutional and social trust. Journal of Applied Sociology, 29(2), 191–210 (In Persian).
  11. Gonzalez, A., Teräsvirta, T., Van Dijk, D., & Yang, Y. (2017). Panel smooth transition regression models.‏
  12. Greve, B. (2008). What is welfare?. Central European Journal of Public Policy, 2(01), 50-73.‏
  13. Hansen, B. E. (1999). Threshold effects in non-dynamic panels: Estimation, testing, and inference. Journal of econometrics, 93(2), 345-368.‏
  14. Hassanpour Varkalaei, M., Abdi Seyedkolaei, M., & Zaroki, S. (2024). Analysis of the role of economic boom and recession on welfare in Iran: A comparison of output with and without oil. Economic Policy, 16(32), 173–207 (In Persian).
  15. Jahangard, F., Mohammadi, T., Shirmard, R., & Shahbazi, M. (2014). Investigating the effect of good governance on economic welfare: A case study of some Sub-Saharan African countries. The First Conference on Economics and Applied Management with a National Approach (In Persian).
  16. Jude, E. C. (2010). Financial development and growth: A panel smooth regression approach. Journal of economic development, 35(1), 15.‏
  17. Kaufmann, D., Kraay, A., & Mastruzzi, M. (2011). The worldwide governance indicators: Methodology and analytical issues1. Hague journal on the rule of law, 3(2), 220-246.‏
  18. Khaki, N., Khorsandi, M., Mohammadi, T., Faridzad, A., & Azizi, Z. (2021). The impact of economic complexity index on greenhouse gas emissions in selected oil-exporting countries: A panel smooth transition regression (PSTR) approach. Iranian Energy Economics, 10(39), 99–125 (In Persian).
  19. Khosravi Nejad, A. A. (2013). Estimation of poverty indices in Iranian urban and rural households. Economic Modeling Quarterly, 6(18), 39–60 (In Persian).
  20. Khosravi Nejad, A. A. (2015). Evaluating the effects of market regulation policies for basic goods on the welfare cost-of-living index of urban households in Iran. Commercial Research Quarterly, 77, 1–29 (In Persian).
  21. Khosravi Nejad, A. A., & Siami Iraqi, E. (2013). Estimating changes in consumer welfare in Iran using the true cost-of-living index. Economic Modeling Quarterly, 6(20), 57–74 (In Persian).
  22. Khosravi Nejad, A. A., Khodadad Kashi, F., & Sahabi, Z. (2014). Assessing the effect of food price increases on the welfare of urban households in Iran. Economic Strategy, 4(73) (In Persian).
  23. Maaboodi, R. (2024). The effect of public debt on economic welfare in Iran: A threshold regression approach. Financial Economics, 18(69), 307–322 (In Persian).
  24. Menegaki, A. N., & Tiwari, A. K. (2017). The index of sustainable economic welfare in the energy-growth nexus for American countries. Ecological indicators, 72, 494-509.‏
  25. Montazeri Shorkchali, J. (2021). The effect of government debt to the central bank on economic growth in Iran: A smooth transition regression approach. Iran Economic Research, 26(83), 85–112 (In Persian).
  26. Mosalla, S., Amini, A., Geraei Nejad, G., & Khosravi Nejad, A. A. (2022). Threshold and nonlinear effect of education on total factor productivity in Iran’s economy: Smooth transition regression approach. Economic Research Journal, 21(83), 37–73 (In Persian).
  27. Mothafar, N. A., Zhang, J., & Al-Maqrami, I. (2022). The evolution of human development through the eyes of ICT in developing countries based on panel data from 2007 to 2017. Indian Journal of Human Development, 16(3), 578-601.‏
  28. Castillo, O. N., Santibáñez, A. L. V., & Márquez, H. F. (2024). Effects of corruption on human development. Evidence for developed and developing countries. Acta Oeconomica, 74(4), 507-541.‏
  29. (2011). How’s life?: Measuring well-being. OECD Publishing.
  30. Olong, C. E., Fonchamyo, D. C., & Sama, M. C. (2019). Institutional quality and economic welfare nexus: evidence from panel ARDL models. International Journal of Research and Innovation in Social Science, 3(12), 97-111.‏Osberg, L., & Sharpe, A. (2002). An index of economic well-being for selected OECD countries. Review of Income and Wealth, 48(3), 291–316.
  31. Sen, A. (1999). Development as freedom Oxford University press shaw TM & Heard. The Politics of Africa: Dependence and Development.‏
  32. Stiglitz, J. E., Sen, A., & Fitoussi, J. P. (2009, September). Report by the commission on the measurement of economic performance and social progress.‏
  33. Stylianou, T., Nasir, R., Waqas, M., & Nisar, U. (2025). Inclusive human development and governance: A panel data analysis of selected Asian countries. Frontiers in Political Science, 6, 1446044.‏
  34. Transparency International. (2023). Corruption Perceptions Index. Transparency International.
  35. World Bank. (2024). World Development Indicators. World Bank.
  36. World Bank. (2024). Worldwide Governance Indicators. World Bank.
  37. Yavarian, A., Tootian Esfahani, S., Mirsepasi, N., & Memarzadeh Tehran, G. (2022). Designing a model for promoting public welfare based on good governance. Journal of Public Administration, 14(2), 283–312 (In Persian).
  38. Zaroki, S., Motameni, M., Mellatbar Firouzjaei, F., & Hassanpour Varkalaei, M. (2024). Analysis of the effect of trade on economic welfare in Iran during the last half century. Stable Economy, 5(3), 107–136 (In Persian).