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Examine the Impact of Governance on Economic Development in South Asian Developing Countries

Year: 2025

Type: article

Abstract: The main goal of this study is to figure out how economic development and governance work together in Pakistan, India, Bangladesh, and Sri Lanka, which are most developing countries in South Asia. Panel ARDL/PMG, Kao Residual, and Panel Granger tests along with this diagnostic test are also used have all been applied for this analysis. The period considered is from 2000-2020, using annual secondary data. Findings designate that long-term economic development is positively correlated with political stability, government effectiveness, gross capital formation (GCF), the labor force (LF), and FDI. Long-term economic growth is inversely correlated with corruption which suggests that corruption hampers economic growth. As a result, good governance is necessary for a nation's ability to prosper economically. Because of this, governments must come up with effective ways to encourage good governance, taking some of the things in this study into account.

Source: The critical review of social sciences studies

DOI: 10.59075/ycppt719

Authors: Bibi Rabia, Nadia Shaheen, Samia Jabeen, Sobia Jalil

Institutions: Qurtuba University of Science and Information Technology, Women University Swabi, University of Swabi

Language: English

Topic: Corruption and Economic Development

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions

Open Access status: hybrid

OpenAlex ID: W4410719413

FWCI:

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