In this study, the effect of governance on the economic growth in 43 Asian countries is considered during the period from 2004 to 2016. Using the Bayesian multilevel generalized linear model, it is estimated that governance has a positive impact on economic growth with a probability of more than 80%. | The governance quality-growth nexus revisited A new evidence from the Bayesian multilevel generalized linear model Accounting 6 2020 413 420 Contents lists available at GrowingScience Accounting homepage ac The governance quality-growth nexus revisited A new evidence from the Bayesian multilevel generalized linear model Anh Hoang Lea Khai Nguyen Hoangb and An Phamc aInstitutefor Research Science and Banking Technology Banking University Ho Chi Minh City Ho Chi Minh City 700000 Vietnam b Faculty of Business Administration Ho Chi Minh City University of Technology HUTECH Ho Chi Minh City 700000 Vietnam cFaculty of Finance and Banking Van Lang University Ho Chi Minh City 700000 Vietnam CHRONICLE ABSTRACT Article history Many empirical studies have been conducted so far on economic growth in the world. In these studies Received April 1 2020 the effect of various elements on the economic growth such as public expenditure inflation labor Received in revised format April private investment etc. has been examined. In this study the effect of governance on the economic 1 2020 growth in 43 Asian countries is considered during the period from 2004 to 2016. Using the Bayesian Accepted April 27 2020 Available online multilevel generalized linear model it is estimated that governance has a positive impact on economic April 27 2020 growth with a probability of more than 80 . Based on this policy implications are provided for Keywords improving the governance quality to promote economic growth. Governance Economic growth Bayesian Multilevel Generalized Linear Model 2020 by the authors licensee Growing Science Canada 1. Introduction Economic growth is considered the major concern of countries around the world for decades. Many empirical studies have been conducted up to now on economic growth in the world. In these studies the effect of various elements on the economic growth such as public spending inflation labor private investment etc. has been .
