Title of article :
INSTITUTIONS AND ECONOMIC GROWTH IN SOUTH ASIA
Author/Authors :
Sarwar, K. Lahore Leads University - Department of Economics, Pakistan , Afzal, M. University of the Punjab - Department of Economics, Pakistan , Shafiq, M. University of the Punjab - Institute of Quality Technology Management, Pakistan , Rehman, H. University of the Punjab - Department of Economics, Pakistan
Abstract :
Institutions affect the process of economic growth through their many indicators. The authors have checked the relationship between institutions and economic growth in selected countries of South Asia by using data from 1995 to 2010. The results of ‘Fixed Effects Estimation’ and ‘Generalize Method of Moments’ confirmed the significant positive relationship between institutions and economic growth for Bangladesh, India, Pakistan and Sri Lanka. Implementation and enforcement power of any economic policy is based on institutional efficiency and quality, so it is suggested that the respective countries should give more focus to build better institutions that, in turn, lead to more economic growth and development.
Keywords :
Institution , Economic Growth , South Asia , GMM
Journal title :
Journal of Quality and Technology Management
Journal title :
Journal of Quality and Technology Management
