{"id":6986,"date":"2022-04-30T17:53:19","date_gmt":"2022-04-30T09:53:19","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=6986"},"modified":"2022-06-15T11:28:44","modified_gmt":"2022-06-15T03:28:44","slug":"the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\/","title":{"rendered":"The Influence of Institutional Quality on Human Development: Evidence from Developing Countries"},"content":{"rendered":"<p><em>The paper evaluates the influence of institutional quality on human development in 14 developing countries using data over 1991-2019. We employed the Dynamic Common Correlated Effect method that accounts for heterogeneity and cross-sectional dependency associated with panel data, due to unobserved common factors. The findings revealed the evidence of positive and statistically significant long run effect of institutional quality on human development. In addition, financial development was found to promote human development whereas higher military expenditure negatively affected it in the long run. The results suggest that institutional quality promotes long run human development. Policymakers should nurture and develop institutions that have good quality such as deterring corruption, improving quality regulation and the application of the rule of law. <\/em><\/p>\n","protected":false},"template":"","tags":[1404,537,1403,270,767],"jel-code":[1407,1405,1406,1287],"article-type":[1329],"class_list":["entry","author-asriwn","post-6986","article","type-article","status-publish","tag-cross-sectional-dependency","tag-developing-countries","tag-dynamic-common-correlated-effect","tag-human-development","tag-institutional-quality","jel-code-c31","jel-code-c33","jel-code-o15","jel-code-p48","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Influence of Institutional Quality on Human Development: Evidence from Developing Countries | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Influence of Institutional Quality on Human Development: Evidence from Developing Countries | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"The paper evaluates the influence of institutional quality on human development in 14 developing countries using data over 1991-2019. We employed the Dynamic Common Correlated Effect method that accounts for heterogeneity and cross-sectional dependency associated with panel data, due to unobserved common factors. The findings revealed the evidence of positiveContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-15T03:28:44+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\\\/\",\"name\":\"The Influence of Institutional Quality on Human Development: Evidence from Developing Countries | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2022-04-30T09:53:19+00:00\",\"dateModified\":\"2022-06-15T03:28:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Influence of Institutional Quality on Human Development: Evidence from Developing Countries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Influence of Institutional Quality on Human Development: Evidence from Developing Countries | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/the-influence-of-institutional-quality-on-human-development-evidence-from-developing-countries\/","og_locale":"en_US","og_type":"article","og_title":"The Influence of Institutional Quality on Human Development: Evidence from Developing Countries | Jurnal Ekonomi Malaysia","og_description":"The paper evaluates the influence of institutional quality on human development in 14 developing countries using data over 1991-2019. 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