Effect Of Regulatory Quality Research Articles

Institutional and Political Determinants of Statutory Tax Rates: Empirical Evidence from Sub-Saharan Africa

ABSTRACT This paper investigates the extent to which institutional and political factors explain statutory tax rates in sub-Saharan Africa (SSA). In particular, it examines the effect of regulatory quality, political accountability, political fragmentation, the electoral cycle, and ideological orientation on corporate income tax (CIT) rates as well as top marginal personal income tax (PIT) rates during 1990–2017. Different from advanced economies, our results suggest that in SSA institutional (structural) factors are more important than political (conjunctural) ones. Better institutions (proxied by higher regulatory quality) are associated with lower tax rates, whereas weak political accountability (proxied by longer government tenures) and greater fragmentation (linked to polarization) lead to higher tax rates. The electoral cycle is weakly associated with higher CIT, and contrary to findings in advanced economies, the ideological orientation of the government does not appear to influence statutory tax rates in SSA.

Testing the environmental Kuznets curve with structural breaks: the role of globalization, energy use, and regulatory quality in South Africa.

This study uncovers the role of regulatory quality, energy use, and globalization in the conventional environmental Kuznets curve (EKC) for South Africa by incorporating structural breaks in the series based on quarterly frequency data between 1996:Q1 and 2016:Q4. Applying the autoregressive distributed lag (ARDL) model, we confirm a cointegration between the variables. The empirical results suggest the validity of the EKC hypothesis in South Africa. In addition, while energy use exerts positive pressure on ecological footprint, globalization and regulatory quality exert negative pressure on ecological footprint. However, the effect of globalization is weak in the long run while the effect of regulatory quality is weak in short run. The results further reveal that the structural break years are statistically insignificant. The causality result establishes a causal link flowing from all the variables to ecological footprint in the long run. In the short run, economic growth and energy use Granger-cause regulatory quality. Also, while energy use causes ecological footprint, globalization is a predictor of energy use. The policy implication of this study is that increasing the pace of globalization and strengthening regulatory quality are efficient strategies to improve environmental quality and sustain a stable EKC in South Africa.

The Effect of Regulatory Quality on Foreign Direct Investment (FDI) Inflows in Asia Using Dynamic Panel Data Method: The Initial Stage Policy Response to Covid-19

International Journal of Psychosocial Rehabilitation - IJPR, is an editorial & peer-reviewed journal publication for mental health care providers, practitioners, nurses, consumers, and applied researchers, bearing ISSN: 1475-7192.

The Effects of Regulatory Quality on the Pro-Cyclicality of Fiscal Policy in Countries in the Central African Economic and Monetary Community (CA EMC)

This article aims to analyze the effects of the regulatory quality on fiscal pro-cyclicality in CAEMC member countries based on the annual panel data for the years 1996 to 2016. To achieve that, we used, on the one hand, the fiscal policy reaction function (Taylor, 2000) as well as institutional quality, and on the other hand, the system-generalized method of moments (system GMM) to empirically understand the effects of the regulatory quality on fiscal pro-cyclicality in CAEMC member countries. Our findings show that the current state of regulatory quality in CAEMC countries promotes the pro-cyclicality of the fiscal policy in this sub-region. In addition, these findings show that the effect of the current state of regulatory quality on fiscal pro-cyclicality is more significant when the regulatory quality is linked to the economic cycle. It is therefore necessary to bring about profound institutional reform in the CAEMC countries in order to redirect the fiscal budget towards counter-cyclicality.

Examining the Relationship between Regulatory Quality and Forest Product Exports to India: A Gravity Model Approach

Abstract The value of aggregate forest product exports to India has increased from about $1.5 billion in 2003 to about $5.4 billion in 2013. Although many of the forest product resources can be sourced from within India, the subcontinent must also source forest products from trading partners, in the form of wood product exports. This presents many economic challenges and opportunities for wood product markets and trade, as India is the second-largest importer of wood products in the world. In this study, we focus on the effect of regulatory quality on forest products exports by partner countries to India. Using a panel of trade flows during 2009 through 2013 of 143 partner countries exporting forest products to India, we estimate an augmented gravity trade model to capture the effect of relevant variables on the outflow of aggregate forest products and disaggregate paper and paperboard, wood pulp, fiberboard, veneers, sawn wood, industrial roundwood, and plywood products from partner countries to India. Results from the analysis are mixed; regulatory quality is found to have positive correlation with exports to India in some cases (paper and paperboard products and wood pulps) and no correlation in a few instances (fiberboard, veneer sheets, sawn wood, industrial roundwood, and plywood). Other explanatory variables such as the distance between the partner country and India, forest area of partner country relative to forest area of India, gross domestic product, population, and trade agreements are mostly found to have positive or negative significant effects on trade, varying across different sectors.

A CONCEPTUAL FRAMEWORK ON THE IMPACT OF REGULATORY QUALITY ON LITIGATION

In the research fields of both law and economics, literature on the quality of regulation has gained importance in recent years. Particularly, the economic effect of sound business regulation has been examined. However, almost no research exists on the effect of regulatory quality on litigation and court delay. Therefore, this article examines the latter relationship by developing a conceptual framework, which states that lower regulatory quality: (i) stimulates the recourse to justice and (ii) increases case disposition time by impeding the judge's and lawyers’ work. Both effects in turn increase backlogs in the courts. Furthermore, this article provides empirical evidence that confirms the hypothesized inverse relationship between litigation and regulatory quality.