Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation
Political challenges, unfairness, and dishonesty are the governing issues that need substantial reforms to improve the high regulatory quality standards. The study's objective is to examine the impact of corruption, violence, and the rule of law on Pakistan's regulatory control. The study...
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my.utm.1042932024-02-04T02:38:19Z http://eprints.utm.my/104293/ Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation Arvian Triantoro, Arvian Triantoro Zaman, Khalid Sriyanto, Sriyanto Salamun, Hailan Shabnam, Shabnam Sasmoko, Sasmoko Yasinta Indrianti, Yasinta Indrianti Abdul-Aziz, Abdul-Rashid Jabor, Mohd. Khata H Social Sciences (General) Political challenges, unfairness, and dishonesty are the governing issues that need substantial reforms to improve the high regulatory quality standards. The study's objective is to examine the impact of corruption, violence, and the rule of law on Pakistan's regulatory control. The study used four forecasting techniques, i.e., Root Mean Square Error (RSER), Mean Absolute Error (MAE), Mean Absolute Percentage Error (MAPE), and Theil inequality coefficient, on the available data series from 1996–2019. The study first obtained the forecast factors of the stated variables by using the Vector Autoregressive (VAR) technique and then used these variables in the least-squares regression technique to obtain the forecast parameter estimates. The simulation results show that corruption, violence, and the rule of law would likely negatively affect the country's regulatory control. The ex-ante analysis shows that the corruption level increases sharply reaches its highest point, and becomes constant. The rule of law initially decreases and then begins to rise steeply. Regulatory control initially decreases and is likely to increase at a decreasing rate. Finally, political stability is likely to decrease over the time horizon. Innovation accounting matrix estimates show that corruption would likely change the country's regulatory control, followed by the rule of law and violence in the next ten years. The study is the first to explore the dynamics of governance indicators in an inter-temporal setting. The study concludes that the country should devise broad-based governance reform policies to eliminate the high incidence of corruption, violence, and injustice and move forward towards implementing regulatory control for sustained growth. Publishing House of the Higher School of Economics 2022 Article PeerReviewed Arvian Triantoro, Arvian Triantoro and Zaman, Khalid and Sriyanto, Sriyanto and Salamun, Hailan and Shabnam, Shabnam and Sasmoko, Sasmoko and Yasinta Indrianti, Yasinta Indrianti and Abdul-Aziz, Abdul-Rashid and Jabor, Mohd. Khata (2022) Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation. HSE Economic Journal, 26 (1). pp. 145-164. ISSN 1813-8691 https://ej.hse.ru/en/2022-26-1/584931950.html NA |
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H Social Sciences (General) Arvian Triantoro, Arvian Triantoro Zaman, Khalid Sriyanto, Sriyanto Salamun, Hailan Shabnam, Shabnam Sasmoko, Sasmoko Yasinta Indrianti, Yasinta Indrianti Abdul-Aziz, Abdul-Rashid Jabor, Mohd. Khata Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation |
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Political challenges, unfairness, and dishonesty are the governing issues that need substantial reforms to improve the high regulatory quality standards. The study's objective is to examine the impact of corruption, violence, and the rule of law on Pakistan's regulatory control. The study used four forecasting techniques, i.e., Root Mean Square Error (RSER), Mean Absolute Error (MAE), Mean Absolute Percentage Error (MAPE), and Theil inequality coefficient, on the available data series from 1996–2019. The study first obtained the forecast factors of the stated variables by using the Vector Autoregressive (VAR) technique and then used these variables in the least-squares regression technique to obtain the forecast parameter estimates. The simulation results show that corruption, violence, and the rule of law would likely negatively affect the country's regulatory control. The ex-ante analysis shows that the corruption level increases sharply reaches its highest point, and becomes constant. The rule of law initially decreases and then begins to rise steeply. Regulatory control initially decreases and is likely to increase at a decreasing rate. Finally, political stability is likely to decrease over the time horizon. Innovation accounting matrix estimates show that corruption would likely change the country's regulatory control, followed by the rule of law and violence in the next ten years. The study is the first to explore the dynamics of governance indicators in an inter-temporal setting. The study concludes that the country should devise broad-based governance reform policies to eliminate the high incidence of corruption, violence, and injustice and move forward towards implementing regulatory control for sustained growth. |
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Article |
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Arvian Triantoro, Arvian Triantoro Zaman, Khalid Sriyanto, Sriyanto Salamun, Hailan Shabnam, Shabnam Sasmoko, Sasmoko Yasinta Indrianti, Yasinta Indrianti Abdul-Aziz, Abdul-Rashid Jabor, Mohd. Khata |
author_facet |
Arvian Triantoro, Arvian Triantoro Zaman, Khalid Sriyanto, Sriyanto Salamun, Hailan Shabnam, Shabnam Sasmoko, Sasmoko Yasinta Indrianti, Yasinta Indrianti Abdul-Aziz, Abdul-Rashid Jabor, Mohd. Khata |
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Arvian Triantoro, Arvian Triantoro |
title |
Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation |
title_short |
Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation |
title_full |
Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation |
title_fullStr |
Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation |
title_full_unstemmed |
Corruption, violence, and the rule of law affecting regulatory control: Forecast evaluation |
title_sort |
corruption, violence, and the rule of law affecting regulatory control: forecast evaluation |
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Publishing House of the Higher School of Economics |
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2022 |
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http://eprints.utm.my/104293/ https://ej.hse.ru/en/2022-26-1/584931950.html |
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