Predictors of Economic Growth: An Evidence From SAARC Region

Authors

  • Haseeb Ur Rahman University of Science and Technology, Bannu, KP, Pakistan
  • Maryam Bibi Govt. Postgraduate College for Girls Charsadda
  • Muhammad Azam Khan Abdul Wali Khan University Mardan
  • Alam Rehman Assistant Professor,NUML

Abstract

The review of the prior relevant literature evidenced that the association of stock market development or institutional factors, as index or separately, examined in relation with economic growth in the context of a single or seperate country or group of countries or regions and produced mixed findings. Thus, this study enquires the association of stock market development, political stability, controlling corruption and good governance with the economic growth of some selected countries like Pakistan, India, Bangladesh and Sri Lanka from the SAARC region from 2002 to 2018. The application of Pooled Ordinary Least Squares (OLS) with robust options unveiled that stock market development, political stability, and institutional index have a significant positive while controlling corruption and ensuring the good governance have an insignificant positive effect on economic growth. These findings not only contributes to the existing knowledge but also provide sustenance to all key stakeholders for further improvement in practice and decsions.

Author Biographies

Haseeb Ur Rahman, University of Science and Technology, Bannu, KP, Pakistan

PhD in corporate governance from PETRONAS Malaysia. AP in UST Bannu since 2006. Currently working as Director of the Institute of Management Sciences, UST Bannu.

Maryam Bibi, Govt. Postgraduate College for Girls Charsadda

Lecturer

Muhammad Azam Khan, Abdul Wali Khan University Mardan

Associate Professsor

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Published

14.07.2020

How to Cite

Rahman, H. U., Bibi, M., Khan, M. A., & Rehman, A. (2020). Predictors of Economic Growth: An Evidence From SAARC Region. CITY UNIVERSITY RESEARCH JOURNAL, 10(2). Retrieved from https://cusitjournals.com/index.php/CURJ/article/view/332

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Articles