Institutions and Economic Growth in South Asia
نویسندگان
چکیده
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. Keyword: Institution, Economic Growth, South Asia, GMM Jel classification: O4, O43
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