The Effect of Governance Quality on Economic Growth: Based on China's Provincial Panel Data

doi:10.3390/economies6040056

CORC > 上海财经大学 > 上海财经大学

	The Effect of Governance Quality on Economic Growth: Based on China's Provincial Panel Data
	Liu, Jiandang 1; Tang, Jie 1; Zhou, Bo 2; Liang, Zhijun 1
刊名	ECONOMIES
	2018-12
卷号	6 期号:4
关键词	good governance provincial governance diminishing marginal returns high-speed economic growth effect high-quality economic development effect endogeneity region difference robustness check
ISSN号	2227-7099
DOI	10.3390/economies6040056
英文摘要	This paper investigates the impact of governance quality on economic growth in China. After developing a theoretical framework for the effect of governance quality on local economic growth, this article studies the panel data in provincial regions over the period 2001-2015 by constructing a new comprehensive index of provincial governance, and checks the robustness of the empirical findings from four aspects. The results show that governance quality has a positive effect on economic growth, due to good governance strengthening the helping hand or weakening the grabbing hand of power. Governance quality presents diminishing marginal returns, which means that the high-speed economic growth effect becomes less and less, while the high-quality economic development effect becomes more and more. Higher governance quality could bring a high-speed economic growth effect in the western region, while higher governance quality could bring a high-quality economic development effect in the eastern region. Compared with fixed-asset investment, human capital has played a more important role in economic growth. In order to promote the sustainable development of China's economy, policy makers should improve local governance quality, strengthen the capacity of independent innovation, and promote the accumulation of high-quality human capital.
WOS研究方向	Business & Economics
语种	英语
出版者	MDPI
WOS记录号	WOS:000455065500005
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/441]
专题	上海财经大学
作者单位	1.Harbin Inst Technol Shenzhen, Sch Econ & Management, Shenzhen 518055, Peoples R China; 2.Shanghai Univ Finance & Econ, Sch Finance, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	Liu, Jiandang,Tang, Jie,Zhou, Bo,et al. The Effect of Governance Quality on Economic Growth: Based on China's Provincial Panel Data[J]. ECONOMIES,2018,6(4).
APA	Liu, Jiandang,Tang, Jie,Zhou, Bo,&Liang, Zhijun.(2018).The Effect of Governance Quality on Economic Growth: Based on China's Provincial Panel Data.ECONOMIES,6(4).
MLA	Liu, Jiandang,et al."The Effect of Governance Quality on Economic Growth: Based on China's Provincial Panel Data".ECONOMIES 6.4(2018).