Role of institutional quality in economic development: A case study of Asian countries

The paper investigates the impact of institutional quality on economic growth by taking 48 countries in Asia between 2005 and 2018. By using quantile regression methods with panel data, is found to be a key factor development. However, lower-income Asian countries, institution better appears promote more effectively than higher-income ones. Moreover, also finds out nonlinear relationship institutions growth. results show that there an threshold for reach its highest level. If indicator exceeds threshold, it causes reverse effect affected inflation (INF), labor force (LABO), trade openness (OPEN), infrastructure (TELE). From that, study suggests some policy implications Vietnam, particular, order improve contributing