scholarly journals The Impact of Public Institutional Quality on Economic Growth in EU Countries: Panel Data Analysis

Author(s):  
Tufan SARITAŞ ◽  
Alper ÖZMEN
Author(s):  
Serap Baris

Focusing the effect of innovations on economic growth, the literature has not adequately cared about what determines the innovations or innovative capacity. However, policy makers and business leaders have accepted the need for creating platforms and institutions that promote innovative activities since it was accepted that innovations were the basic key to economic growth. This study focuses on the effect of institutions or institutional quality on the innovations. In this study where OECD countries have been selected as the sampling (1996–2015 period) and World Bank’s Worldwide Governance Indicators represent institutional quality while the number of patent application represents the innovation, the effect of institutional quality on the innovations has been examined through the methods of panel data analysis. Innovation is positively related to voice and accountability, political stability and rule of law while it is negatively related to control of corruption. Moreover, there has been no relationship determined between government effectiveness and regulatory quality and innovation. Findings of this study suggest that it is highly difficult to state what is the net effect of institutional quality on the innovations. Keywords: Governance, innovation, institutions, institutional quality, patent, panel data analysis.


Author(s):  
Ziya Çağlar Yurttançıkmaz ◽  
Ömer Selçuk Emsen ◽  
Ahmet Fatih Aydemir ◽  
Ahmet Alkan Çelik

As economic growth is very important for the development of individuals and the society, the importance of capital stocks and labor force for the economic growth of countries cannot be neglected. Additionally, the human capital component and especially the role of competitiveness increases on the growth process have been extensively discussed over the last two decades. This paper examines the impact of competitiveness increases on economic growth of selected middle-income countries including Turkey for the period of 1997-2012 using a balanced panel data analysis, which was relatively less studied in the literature. According to analysis results, an increase on the competitiveness index of countries in the panel, which were obtained from the data set of the International Institute for Management Development (IMD), positively increases per capita income level. This result may be interpreted as several factors that increase competitiveness including infrastructure, economic structure, business world and regulations and investments that ensure public efficiency may have a positive impact on economic growth. Therefore, this study suggests that future policies that concentrate on extensive growth instead of intensive dimension may contribute to efficient and sustainable growth.


2019 ◽  
Author(s):  
Ke Hong YU ◽  
Xiao Mei Gan ◽  
Xu WEN

Abstract Background: This study aimed to empirically examine the influence of China’s macroeconomic development on the height of Chinese youth in the past 30 years, using provincial panel data collected from more than one million children. Methods: Panel data from seven longitudinal surveys (1985, 1991, 1995, 2000, 2005, 2010, and 2014) of the Chinese National Surveys on Students’ Constitution and Health, including students aged 7–22 years from 27 provinces, were utilized for data analysis. Fixed-effects models were used to estimate the association between economic growth and height. Results: For every 1% increase in per capita disposable income (PCDI), the average height of students significantly increased by approximately 0.009%. Stated another way, this implies that a doubling of income is associated with 0.9% increase in height, which is significant for height. The coefficient of PCDI in the last decade is higher than that of in the early two decades. The average height of boys was approximately 3.9% higher than that of girls. The average height difference between high and low ages in the sample was 1.9%. The impact of policies on students' height was extremely small and may have little practical significance. Conclusion: China’s economic growth has a significant positive effect on the height of urban Chinese students without stagnation.


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