Bureaucratic Efficiency as Determinant of Trade Openness in SAARC Countries
The study explores how bureaucratic efficiency effects international trade in Bangladesh, Pakistan, India, and Srilanka. A composite indicator of government effectiveness is used to measure bureaucratic efficiency and model is estimated by using the SYS-GMM. It is well recognized that bureaucratic efficiency is vital to the enhancement of trade, whereas the result shows that a negative relationship exists between bureaucratic efficiency and trade openness. Similarly, encouraging link exists between government size and international trade as the government provides different services to enhance the trade at the international market.
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Bureaucratic Efficiency, Democracy, Government Size, Trade Openness
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(1) Rabia Saghir
Assistant Professor, Faculty of Business and Technology, Foundation University Rawalpindi Pakistan.
(2) Muhammad Arshad Khan
Associate Professor,Department of Management Science, COMSATS Institute of Information Technology, Islamabad.
(3) Nazima Ellahi
Assistant Professor,Department of Management Science, Foundation University Rawalpindi Pakistan.
Role of Institutional Quality, Financial Development, and Industrialization in Human Development of Selected Asian Countries
Human development has gained much significance in economies.This study highlight the role of institutional quality, financial development,and industrialization in human development in selected Asian countries. The human development index is used as a dependent variable. The study has used the GMM technique for this analysis. The study results demonstrate that institutional quality, financial development, industrialization, and trade openness have played a significant and positive role in determining the human development of selected Asian countries. It is recommended that the government should provide a more stable environment to encourage more production, investment, and trade to enhance the living standard and human development of the selected economies. It is concluded that financial development may improve human development. There is a need for more transparency and improved institutional quality for human development.
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Institutional Quality, Financial Development, Trade Openness & Asian Countries
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(1) Najeeb Muhammad Nasir
Department of Finance, College of Business Administration, King Saud University, Riyadh, Saudi Arabia.
(2) Nasir Ali
Department of Finance, College of Business Administration, King Saud University, Riyadh, Saudi Arabia.
(3) Tanvir Farooq Khan
Department of Finance, College of Business Administration, King Saud University, Riyadh, Saudi Arabia.