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Название журнала: Восточно Европейский Научный Журнал, Выпуск:
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Автор: Osmonova Ainur Anvarovna
Doctor of Science, Economics, professor Kyrgyz Russian Slavic University
Osmonova Tinatin Anvarovna
Master of Science, Economics, American University of Central Asia
Emirova Altynai Emirovna
Master of Business Administration, American University of Central Asia
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Анотация: Summary. This paper analyses the impact of six different measurement of institutional quality on FGT class
of poverty indices. By employing two estimation techniques as fixed effects with instrumental variable and Arel-
lano-Bond Generalized Method of Moments the study tests how “Control of Corruption”, “Government Effective-
ness”, “Political Stability and Absence of Violence”, “Regulatory Quality”, “Rule of Law”, “Voice of Accounta-
bility” affect poverty headcount, poverty gap and severity of poverty. The panel data models are constructed for
15 lower middle-income countries, 22 upper middle-income countries and 27 high-income countries and the work
covers the period between 2006 and 2016. The data on countries with different income levels estimated separately.
The main hypothesis of the work is that institutional quality is a key to prosperity and economic growth, whereas
low quality of institutions leads to stagnation and poverty. The findings demonstrate that effective governance,
regulatory quality and rule of law might reduce poverty in lower middle-income and upper middle-income coun-
tries. In case of high-income countries, all six institutional quality measures show negative and significant impact
on poverty.
Ключевые слова:
Key words: economics, institutions, institutional quality, economic growth, poverty, development, IV ap-
proach
Данные для цитирования:
Osmonova Ainur Anvarovna
Doctor of Science, Economics, professor Kyrgyz Russian Slavic University
Osmonova Tinatin Anvarovna
Master of Science, Economics, American University of Central Asia
Emirova Altynai Emirovna
Master of Business Administration, American University of Central Asia,
.
THE IMPACT OF INSTITUTIONS ON POVERTY. Восточно Европейский Научный Журнал. Экономические науки. ;
():-.