• ISSN: 2010-0248
    • Abbreviated Title: Int. J. Innov.  Manag. Technol.
    • Frequency: Bimonthly
    • DOI: 10.18178/IJIMT
    • Editor-in-Chief: Prof. Jin Wang
    • Executive Editor: Ms. Nina Lee
    • Abstracting/ Indexing: Google Scholar, Ulrich's Periodicals Directory,  Crossref and ProQuest, Electronic Journals Library.
    • E-mail: ijimt@ejournal.net
IJIMT 2020 Vol.11(2): 63-68 ISSN: 2010-0248
doi: 10.18178/ijimt.2020.11.2.877

Good Governance Dimensions and Growth in Asia and the Pacific Countries

Paitoon Kraipornsak
Abstract— Good governance is expected to help enhance the competitiveness and efficiency of the economy. The worldwide governance index is examined whether the 6 dimensions of the governance are growth stimulus and which dimension is relatively the most substantial effect on growth. The study employs augmented growth model that consists of 4 main input factors; i.e., physical capital, human capital, labour, and foreign investment along with the governance dimensions. The model is estimated for 18 Asia and the Pacific countries during 2000–2017. The result shows impacts of most dimensions of the governance except the voice and accountability are significant in promoting growth. In conclusion, government effectiveness appears to be the most potent factor in promoting growth. It is followed by the regulatory quality, the rule of law, the control of corruption, and the political stability respectively. The voice and accountability is found the insignificant dimension in growth promotion.

Index Terms— Asia and the pacific countries, augmented growth model, governance, foreign direct investment, human capital, physical capital.

Paitoon Kraipornsak is with Faculty of Economics, Chulalongkorn University, Bangkok 10330, Thailand (e-mail: kpaitoon@chula.ac.th).

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Cite: Paitoon Kraipornsak, " Good Governance Dimensions and Growth in Asia and the Pacific Countries," International Journal of Innovation, Management and Technology vol. 11, no. 2, pp. 63-68, 2020.

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