IDEAS home Printed from https://ideas.repec.org/a/blg/journl/v13y2018i2p115-130.html
   My bibliography  Save this article

The Impact Of The Asian Crisis On Governance:Does Oecd Membership Or Income Levels Matter?

Author

Listed:
  • KAYA Halil Dincer

    (Northeastern State University, United States)

Abstract

We examine the impact of the 1997 Asian Crisis on governance. We look into how the crisis affected High-Income OECD, High-Income Non-OECD, Upper-middle Income, Lower-Middle Income, and Low Income Countries. For measures of governance, we use the World Bank’s Governance Indicators dataset which includes six measures of governance. We find that pre- and post-crisis, the ranking of each income group has not changed except for year 2004 when the High-Income Non-OECD Countries surpassed the High-Income OECD Countries in “Political Stability and Absence of Violence” category. In other words, our results show that, other than that exception in 2004, both pre- and post-crisis, the High-Income OECD Countries had the best governance measures, the High-Income Non-OECD Countries had the second best measures, and so on, in the order shown above. One point to note here: The High-Income Non-OECD Countries performed much better than the other groups after year 1998. After 1998, this group improved in all six dimensions of governance. We conclude that although crises affect all income groups, because of certain characteristics of the High-Income Non-OECD group, they tend to better react to crises.

Suggested Citation

  • KAYA Halil Dincer, 2018. "The Impact Of The Asian Crisis On Governance:Does Oecd Membership Or Income Levels Matter?," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(2), pages 115-130, August.
    • Handle: RePEc:blg:journl:v:13:y:2018:i:2:p:115-130
    as

    Download full text from publisher

    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/13209kaya.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. B. Peters & Jon Pierre & Tiina Randma-Liiv, 2011. "Global Financial Crisis, Public Administration and Governance: Do New Problems Require New Solutions?," Public Organization Review, Springer, vol. 11(1), pages 13-27, March.
    2. Ross Levine, 2012. "The Governance of Financial Regulation: Reform Lessons from the Recent Crisis," International Review of Finance, International Review of Finance Ltd., vol. 12(1), pages 39-56, March.
    3. John Shuhe Li, 2003. "Relation‐based versus Rule‐based Governance: an Explanation of the East Asian Miracle and Asian Crisis," Review of International Economics, Wiley Blackwell, vol. 11(4), pages 651-673, September.
    4. Walter Kickert, 2012. "State Responses to the Fiscal Crisis in Britain, Germany and the Netherlands," Public Management Review, Taylor & Francis Journals, vol. 14(3), pages 299-309, March.
    5. Asayehgn Desta, 2012. "Good Growth and Governance in Africa: Implementing Rather than Re-thinking Development Strategies," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(2), pages 69-75, April.
    6. Stephan Haggard, 1999. "Governance and Growth: Lessons from the Asian Economic Crisis," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 13(2), pages 30-42, November.
    7. Walter Kickert, 2012. "State responses to the fiscal crisis: Belgium," Public Money & Management, Taylor & Francis Journals, vol. 32(4), pages 303-310, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. KAYA Halil Dincer, 2018. "The Regional Impacts Of The Asian Crisis On Governance," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(1), pages 76-89, December.
    2. Halil Dincer Kaya, 2017. "The Regional Impacts Of The 2008-2009 Global Crisis On Governance," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 80-90, April.
    3. Halil D. Kaya, 2016. "The 2008-2009 Global Crisis and Governance," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(4), pages 102-108, October.
    4. Ongaro, Edoardo & Ferré, Francesca & Fattore, Giovanni, 2015. "The fiscal crisis in the health sector: Patterns of cutback management across Europe," Health Policy, Elsevier, vol. 119(7), pages 954-963.
    5. MacCarthaigh Muiris, 2017. "Reforming the Irish public service: A multiple streams perspective," Administration, Sciendo, vol. 65(2), pages 145-164, May.
    6. Yunsoo Lee, 2021. "Averting the Fallouts of the Great Recession in Belgium and the Netherlands: a Research Note," Public Organization Review, Springer, vol. 21(3), pages 409-418, September.
    7. Céline Du Boys & Emanuele Padovani & Alice Monti, 2017. "Vulnerability factors shaping municipal resilience throughout the global financial crisis: comparing Italy and France," Post-Print hal-02057637, HAL.
    8. Céline Du Boys & Emanuele Padovani, 2016. "Local Reactions To The Financial Crisis: What Influence Of National Context Vs Individual Strategies?," Post-Print hal-01470232, HAL.
    9. Patrick Pilipiec & Wim Groot & Milena Pavlova, 2020. "A Longitudinal Analysis of Job Satisfaction During a Recession in the Netherlands," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(1), pages 239-269, May.
    10. Sébastien Dony, 2017. "Ce que nous apprennent les démarches d'amélioration de l'efficience dans les collectivités territoriales," Post-Print hal-01907400, HAL.
    11. Štambuk Ana & Karanović Goran & Host Alen, 2019. "Employers’ Perceptions of Business and Economics Graduates’ Competencies in Croatia," Business Systems Research, Sciendo, vol. 10(2), pages 108-123, September.
    12. Ileana Danut, 2016. "The Analysis Of Environmental Policies And Involvement In The Local Community At A Public Organization Level," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 30-36, April.
    13. Fabrizio Di Mascio & Alessandro Natalini, 2015. "Fiscal Retrenchment in Southern Europe: Changing patterns of public management in Greece, Italy, Portugal and Spain," Public Management Review, Taylor & Francis Journals, vol. 17(1), pages 129-148, January.
    14. Bardhan, Pranab, 2022. "Clientelism and governance," World Development, Elsevier, vol. 152(C).
    15. Faiz M. Shaikh & Zahid Hussain Kazi & Ambreen Khaskheley, 2014. "Factors that Influence the Adoption of Online Banking Services in Hyderabad," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 62(11), pages 49-63, November.
    16. Xiao, Fenglong, 2011. "When organization encounters uncertainty in regulatory times," MPRA Paper 36240, University Library of Munich, Germany.
    17. Christopher Gandrud & Mark Hallerberg, 2015. "Does Banking Union Worsen the EU's Democratic Deficit? The Need for Greater Supervisory Data Transparency," Journal of Common Market Studies, Wiley Blackwell, vol. 53(4), pages 769-785, July.
    18. Justice Nyigmah Bawole & Peter Adjei-Bamfo, 2020. "Public Procurement and Public Financial Management in Africa: Dynamics and Influences," Public Organization Review, Springer, vol. 20(2), pages 301-318, June.
    19. Marianna Belloc, 2006. "Institutions and International Trade: A Reconsideration of Comparative Advantage," Journal of Economic Surveys, Wiley Blackwell, vol. 20(1), pages 3-26, February.
    20. Duchin, Ran & Sosyura, Denis, 2014. "Safer ratios, riskier portfolios: Banks׳ response to government aid," Journal of Financial Economics, Elsevier, vol. 113(1), pages 1-28.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:13:y:2018:i:2:p:115-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mihaela Herciu (email available below). General contact details of provider: https://edirc.repec.org/data/feulbro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.