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Corporate governance and economic growth

Author

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  • Aviral Kumar Tiwari

    (ICFAI University, Tripura)

Abstract

We estimated the impact of the performance of corporate governance on economic growth in a cross-country framework in two specifications. For analysis we have employed log liner model. We found that performance of corporate governance is significantly negatively related to the economic growth in both specification and in all models and hence it matters not only for the current year but it continues to persistent in future also. Addition to it, we found that role played by human capital is insignificant but physical capital and government final consumption expenditure plays significantly positive role in the economic growth of cross-section of countries. We also find that impact of life expectancy and fertility rate is negative and positive on economic growth respectively. We found that trade does not has significant impact on the economic growth in cross-section of countries.

Suggested Citation

  • Aviral Kumar Tiwari, 2010. "Corporate governance and economic growth," Economics Bulletin, AccessEcon, vol. 30(4), pages 2825-2841.
    • Handle: RePEc:ebl:ecbull:eb-10-00462
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I4-P260.pdf
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    References listed on IDEAS

    as
    1. Paul Gompers & Joy Ishii & Andrew Metrick, 2003. "Corporate Governance and Equity Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 107-156.
    2. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
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    Cited by:

    1. Mohd Nor Zamry, Nur Syafinaz, 2019. "Corporate Governance and Its Determinants: A Study on Wells Fargo Scandal," MPRA Paper 93726, University Library of Munich, Germany.
    2. Omar Al Farooque & Ali Hamid & Lan Sun, 2022. "National Governance Index, Corruption Index and Growth Rate—International Evidence from Sub-Saharan and MENA Countries," JRFM, MDPI, vol. 15(6), pages 1-19, June.
    3. Tiwari Aviral Kumar, 2011. "Foreign Aid, FDI, Economic Freedom and Economic Growth in Asian Countries," Global Economy Journal, De Gruyter, vol. 11(3), pages 1-28, September.
    4. Aviral Kumar Tiwari & Mamoni Kalita, 2011. "Governance and Foreign Aid in ASIAN Countries," Economics Bulletin, AccessEcon, vol. 31(1), pages 453-465.

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    More about this item

    Keywords

    Corporate governance; Economic growth; Cross-country;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • G3 - Financial Economics - - Corporate Finance and Governance

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