Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/188137 
Year of Publication: 
2014
Citation: 
[Journal:] Pakistan Journal of Commerce and Social Sciences (PJCSS) [ISSN:] 2309-8619 [Volume:] 8 [Issue:] 1 [Publisher:] Johar Education Society, Pakistan (JESPK) [Place:] Lahore [Year:] 2014 [Pages:] 274-287
Publisher: 
Johar Education Society, Pakistan (JESPK), Lahore
Abstract: 
It is generally perceived that an Economy will experience rapid growth provided following Worldwide Governance Indicators (WGI) are in positive direction i.e. political instability is low, mechanisms for voice and accountability exists, control of corruption subsists and the rule of law prevails. The study aims at exploring relationship between aforementioned WGI indicators and economic growth (GDP) using estimates related to Pakistan, provided by World Bank. Moreover, researchers attempt to identify which of the WGI indicators under consideration contribute most towards economic growth. A quantitative research strategy has been adopted and statistical tools (Spearman's rho correlation and regression) have been used to test the hypotheses that researchers developed using available literature. The study concludes that out of the four dimensions of good governance, political stability contributes highly towards economic growth.
Subjects: 
economic growth (GDP)
good governance
worldwide governance indicators
Pakistan
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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