Disastrous impact of corruption, political instability and expropriation risk on quality of education: Evidence from Asian countries

Abstract

Corruption, political instability and expropriation risk have been identified as negative aspects that may have negative impacts in several aspects including education quality. This study has been designed in accordance with the same purpose. In this regard, the author collected data from Asian countries consisting of 30 years from reliable sources. This collected data was analysed and scrutinized by using some appropriate tests such as unit root test, cointegration test, coefficient estimation test and Granger casualty test for various purposes. The results of these tests have been presented in the study in various tables. These results show that the above mentioned three aspects i.e. corruption, political instability and expropriation risk along with the control variable, population have significant impact on quality of education. In addition, casual relationships have also been found in these variables. In the last, the author has discussed some theoretical, practical and policy making implications of this study. These implications are not only for researchers but also for educational institutes and government officials. The author has also recognized some of the limitations in regard of this study and has also presented some suggestions and recommendations that may be used to improve the quality of research by the other researchers.