ANALISIS KORELASI KUALITAS INSTITUSI DAN PERTUMBUHAN EKONOMI DI INDONESIA
DOI:
https://doi.org/10.31849/jieb.v21i1.21901Keywords:
institutional quality, economic growth, correlation, IndonesiaAbstract
The relationship between institutional quality and economic growth still raises dilemma because there is no definitive conclusion about the relationship between the two. On the one hand, the quality of institutions has a positive influence on economic growth, but on the other hand, it explains the negative influence of institutional quality on economic growth. This article aims to analyze the correlation between institutional quality and economic growth in Indonesia. This study uses two main variables, namely institutional quality and economic growth. This study uses the Pearson correlation test as a tool for analyzing data for his research using secondary data in the period 2003-2022. This study concluded that the rule of law variable did not have a significant relationship with the economic growth variable, the regulatory quality variable did not have a significant relationship with the economic growth variable, and the government effectiveness variable had a significant relationship with the economic growth variable.
References
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Caner, M., Caner, T., & Grennes, T. (2011). Determinants of investment by the norwegian sovereign wealth fund: gdp vs. institutions. Global Economy Journal, 11(1). https://doi.org/https://doi.org/10.2202/1524-5861.1702
Castellano, F. (2018). Taxation and development. a capacities approach. Advances in Social Sciences Research Journal, 5(2). https://doi.org/https://doi.org/10.14738/assrj.52.4217
ÇELİK, E. (2023). Analysis of turkish economy from macroeconomic and socio-political perspective (1923-2023). Fiscaoeconomia, 7, 310–337. https://doi.org/https://doi.org/10.25295/fsecon.1246853
Constantin, Anghelache., Mario, G.R., Pagliacci., Constantin, M. (2015). Statistical-Econometric Models used in Economic Analysis. Romanian Statistical Review Supplement, 63(4), 9–15.
Cunha, A. B. (2021). Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case. SciELO Journals. Dataset. https://doi.org/https://doi.org/10.6084/m9.figshare.20014103.v1
Dirir, S. A. (2023). The Effect of Institutional Quality on Economic Growth: Evidence from Tripartite Approaches in the Context of War-Torn Countries. Organizations and Markets in Emerging Economies, 14(3), 508–535. https://doi.org/10.15388/omee.2023.14.3
Dorel, Savulea., Nicolae, C. (2010). Statistical Correlation Study. Annals of the University of Craiova - Mathematics and Computer Science Series, 37(3), 35–51.
El, Houssaine, Fathi., Ahlam, Qafas., Youness, J. (2023). Institutional Quality’s Impact on Moroccan Economic Growth: Insights from ARDL Modeling Approach. https://doi.org/doi: 10.1109/icoa58279.2023.10308841
El, Houssaine, Fathi., Ahlam, Qafas., Youness, J. (2024). Economic Growth Unleashed: The Power of Institutional Quality. https://doi.org/doi: 10.56294/dm2024208
Elida, L. (2024). Institutional quality and economic growth: Evidence from developing countries. Journal of Governance and Regulation, 13(2), 395–402. https://doi.org/doi: 10.22495/jgrv13i2siart15
Frank, Gyimah, Sackey., Emmanuel, Orkoh., Mohammed, M. (2024). Investigating the Impact of Institutional Quality Under the Petroleum Price Deregulation Policy Regime on the Economic Growth of an Emerging Economy. https://doi.org/doi: 10.21203/rs.3.rs-4114896/v1
G., H., Orcutt., S., F., J. (1948). Testing the significance of correlation between time series. Biometrika, 35, 397–413. https://doi.org/doi: 10.1093/BIOMET/35.3-4.397
Gowder, P. A. (2016). The Rule of Law in the Real World. Cambridge University Press.
Gvaramadze, I. (2008). From quality assurance to quality enhancement in the european higher education area. European Journal of Education, 43(4), 443–455. https://doi.org/https://doi.org/10.1111/j.1465-3435.2008.00376.x
Hajdari, A., Hadzimustafa, S. (2023). The Relationship Between Rule of Law Level and Economic Growth. In A. Bexheti, A., Abazi-Alili, H., Dana, LP., Ramadani, V., Caputo (Ed.), Economic Recovery, Consolidation, and Sustainable Growth. Springer.
Inusah, S., Ibrahim Osman, A., & Narsam, S. Z. (2024). (2024). Mobile infrastructure quality, regulatory quality, government effectiveness: Does e-government development matter? The Electronic Journal of Information Systems in Developing Countries. https://doi.org/https://doi.org/10.1002/isd2.12330
Jeong, J. (2023). The effects of quality of bureaucrats, regulations, and e-government on the efficiency of economic regulatory policy: focusing on the effect on time. Journal of Asian Public Policy, 1–33. https://doi.org/https://doi.org/10.1080/17516234.2023.2248643
Kandil, M. (2009). Determinants of institutional quality and their impact on economic growth in the mena region. International Journal of Development Issues, 8(2), 134–167. https://doi.org/https://doi.org/10.1108/14468950910997693
Kartiko, N. D. (2024). Does government effectiveness and corruption control support political stability? Integritas: Jurnal Antikorupsi, 10(1), 81–94. https://doi.org/https://doi.org/10.32697/integritas.v10i1.1209
Khan, S. and Khawaja, I. (2022). Predation, institutional quality and economic growth. The Pakistan Development Review, 809–820. https://doi.org/https://doi.org/10.30541/v50i4iipp.809-820
Le, Thu, Ha., Zhang, Jian, H. (2023). The Causal Relationship between Institutional Quality and Local Economic Growth: Cases of Research in the North of Vietnam. https://doi.org/doi: 10.24940/theijbm/2023/v11/i9/bm2309-020
Malik, I. (2024). Government Effectiveness and Good Governance Index: The Case of Indonesia. Journal of Governance, 9(1), 106–126. https://doi.org/https://doi.org/http://dx.doi.org/10.31506/jog.v9i1.23787
Mamoon, D. and Murshed, S. (2016). When education explains strong institutions: trade policy also matters. Social Indicators Research, 131(3), 1179–1210. https://doi.org/https://doi.org/10.1007/s11205-016-1285-6
Mehmood, W., Mohd-Rashid, R., Aman-Ullah, A., & Ong, C. Z. (2021). Country-Level Institutional Quality and Public Debt: Empirical Evidence from Pakistan. Journal of Asian Finance, Economics and Business, 8(4), 0021–0032. https://doi.org/10.13106/jafeb.2021.vol8.no4.0021
Mirwais, Parsa., Soumya, D. (2023). Institutional Quality and Economic Growth: A Dynamic Panel Data Analysis of MICs and HICs for 2000–2020. International Economic Journal. https://doi.org/doi: 10.1080/10168737.2023.2261012
Misi Lopes, L.E., Packham, N. & Walther, U. (2023). The effect of governance quality on future economic growth: an analysis and comparison of emerging market and developed economies. SN Bus Econ, 3(108). https://doi.org/https://doi.org/10.1007/s43546-023-00488-3
Monteiro, A., Morais, A., Nunes, M., & Dias, D. (2017). Managing research or managing knowledge? a device tool for quality assurance. https://doi.org/https://doi.org/10.21125/inted.2017.2283
Nguyen, N. T., Okrainec, A., Anvari, M., Smith, B., Meireles, O., Gee, D., Moran-Atkin, E., Baram-Clothier, E., & Camacho, D. R. (2018). Sleeve gastrectomy telementoring: a SAGES multi-institutional quality improvement initiative. Surgical Endoscopy, 32(2), 682–687. https://doi.org/10.1007/s00464-017-5721-8
Niroj, D. (2024). Institutional quality and economic growth. Uygulamalı Ekonomi ve Sosyal Bilimler Dergisi. https://doi.org/doi: 10.46959/jeess.1466383
OECD. (2023). Government at a Glance 2023. https://doi.org/https://doi.org/10.1787/3d5c5d31-en
Owusu-Mensah, M., Manu, C. A., & Arhenful, P. (2023). Government Spending And Economic Growth Nexus In Sub-Saharan Africa: An Econometric Analysis. European Scientific Journal, 19(22). https://doi.org/https://doi.org/10.19044/esj.2023.v19n22p112
Ramanujam, N., & Farrington, and F. (2022). The rule of law, governance and development. In The rule of law, governance and development (pp. 160–178). Political Science and Public Policy 2022. https://doi.org/https://doi.org/10.4337/9781789908756.00020
Rodrik, D., Subramanian, A., & Trebbi, F. (2004). Institutions rule: the primacy of institutions over geography and integration in economic development. Journal of Economic Growth, 9(2), 131–165. https://doi.org/https://doi.org/10.1023/b:joeg.0000031425.72248.85
Rose, C., Stovall, E., Ganz, P., Desch, C., & Hewitt, M. (2008). Cancer quality alliance: blueprint for a better cancer care system. Ca a Cancer Journal for
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