Abstract
Thisstudy contributesto the empirical literature on regional economic performance by analyzing
the role of political institutions in explaining economic growth of selected South Asian
economies. The empirical analysis is based on panel co-integration techniques and the model
used is an extended version of Solow-type model including an additional variable of human
capital. The empirical findings broadly suggest that political institutions have a critical role in
explaining the economic performance of the region asthey significantly impede regional growth
at lowerlevels. Nevertheless, political institutionssignificantly promote regional growth at higher
levels. Thus, it is the high quality of political institutions which can ensure long-run regional
performance. This finding remains robust to different specifications and additional controls.
Noman AHMAD, Muhammad Tariq MAJEED. (2020) POLITICAL INSTITUTIONS AND ECONOMIC GROWTH: A Case Study of Selected South Asian Nations, Pakistan Journal of Applied Economics, Volume 30, Issue 1.
-
Views
881 -
Downloads
104
