Accountability and Economic Prosperity: Unveiling the Nexus Between Governance Responsibility and GDP Growth in Pakistan
Nosheen Mumtaz1, Tuaha Nasim2, Iqra Yamin3
1Nosheen Mumtaz, School of Economics and Management, Anhui University of Science and Technology China.
2Tuaha Nasim, School of Economics and Management, Chang’an University Xi’ An Shaanxi, China.
3Iqra Yamin, School of Computer Science and Engineering, Anhui University of Science and Technology China.
Manuscript received on 04 May 2024 | Revised Manuscript received on 14 May 2024 | Manuscript Accepted on 15 May 2024 | Manuscript published on 30 May 2024 | PP: 86-97 | Volume-4 Issue-1, May 2024 | Retrieval Number: 100.1/ijef.A256804010524 | DOI: 10.54105/ijef.A2568.04010524
Open Access | Editorial and Publishing Policies | Cite | Zenodo | OJS | Indexing and Abstracting
© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This investigation employs quantitative approaches and utilises time series data from 1996 to 2019 to demonstrate the relationship between GDP metrics and the proportion of accountability in Pakistan. It examines the causal connection between administration and GDP growth, focusing on how accountability affects foreign direct investment (FDI), fixed assets, and technology. The research employs a bounds test evaluation to determine the long-term association between these parameters. Two steps comprise the examination method. Initially, stationarity is tested using typical Augmented Dickey-Fuller (ADF) tests. Furthermore, autoregressive distributed lag (ARDL) bound testing identifies causality. Fixed finances and technological advancements have significant positive linear associations, while foreign direct investment, along with the accountability proportion, have moderately favourable linear connections. Granger causality analyses imply that the factors might not have been causally related during the chosen period. Although the tests show no Granger causal links, the research suggests a relationship between foreign direct investment and fixed assets that may warrant further study.
Keywords: Accountability, GDP Growth, ARDL, Pakistan
Scope of the Article: Economics