Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries
Year: 2022
Type: article
Abstract: Human development has gained much significance in economies.This study highlight the role of institutional quality, financial development,and industrialization in human development in selected Asian countries. The human development index is used as a dependent variable. The study has used the GMM technique for this analysis. The study results demonstrate that institutional quality, financial development, industrialization, and trade openness have played a significant and positive role in determining the human development of selected Asian countries. It is recommended that the government should provide a more stable environment to encourage more production, investment, and trade to enhance the living standard and human development of the selected economies. It is concluded that financial development may improve human development. There is a need for more transparency and improved institutional quality for human development.
Source: Global Social Sciences Review
Authors: Najeeb Muhammad Nasir, Nasir Ali, Tanvir Farooq Khan
Institution: King Saud University
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4367465845