Citation

Chong, Choy Yoke (2020) Nonlinear impact of institutional quality on economic performance within the comprehensive and progressive agreement for trans-pacific partnership. In: Understanding Digital Industry. Routledge, London, pp. 396-399. ISBN 9780367814557

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Abstract

Institutions are the fundamental determinants of economic growth. Therefore, a high institutional quality of among the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries will be important to ensure continuing economic performance after the withdrawal of the United States from the TPP Agreement. This study aimed to investigate how institutional quality can improve the economic performance of member countries within the CPTPP. Unbalanced panel data for 10 members of CPTPP (without Brunei) covering the years 2002–2015 were analyzed using the Least Square Dummy Variable (LSDV) model. An inverted-U shape of the relationship was detected, implying a nonlinear impact of institutional quality on economic performance. Better overall quality of institutions helps to boost economic performance. However, a reverse relationship was found when institutional quality surpasses the level of 0.638. Therefore, CPTPP countries can enhance their economic performance if their institutional quality is kept below the threshold value.

Item Type:	Book Section
Additional Information:	Proceedings of the Conference on Managing Digital Industry, Technology and Entrepreneurship (CoMDITE 2019), July 10-11, 2019, Bandung, Indonesia
Uncontrolled Keywords:	Organizational behavior. Corporate culture
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28-70 Management. Industrial Management > HD58.7-58.95 Organizational behavior, change and effectiveness. Corporate culture
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Suzilawati Abu Samah
Date Deposited:	23 Sep 2021 04:41
Last Modified:	23 Sep 2021 04:41
URII:	http://shdl.mmu.edu.my/id/eprint/8202

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