Re-assessing political, social and economic determinants of economic growth: An analysis from selected Asian developing economies / Saima Sarwar and Noor ul Haq.

Sarwar, Saima and Haq, Noor ul (2017) Re-assessing political, social and economic determinants of economic growth: An analysis from selected Asian developing economies / Saima Sarwar and Noor ul Haq. Journal of Emerging Economies & Islamic Research, 5 (1). pp. 1-11. ISSN 2289-2559

Abstract

This study aimed to reassess the impact of different political, social and economic determinants of the economic growth in selected Asian developing economies. The variables which are being used in this regard are gross domestic product, government spending, democracy, economic freedom, foreign direct investment, primary education, labour participation and life expectancy at birth. According to the estimated results from fixed effect model, it has been found that political factors are affecting more to the economic performance of these nations as compared to the other dimensions i.e. social and economic determinants. Both sizes of bureaucracy and democracy are positively related with economic growth supporting ‘Webrian theory’ of bureaucracy. Moreover, when discussing each variable, findings shed light on this fact that in these nations except corruption, FDI, Trade openness, economic freedom, life expectancy, primary education and employment rate are positively related with GDP.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Sarwar, Saima
UNSPECIFIED
Haq, Noor ul
UNSPECIFIED
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HC Economic History and Conditions > Environmental policy and economic development. Sustainable development. Environmental management
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: 2289-2559
Volume: 5
Number: 1
Page Range: pp. 1-11
Keywords: Investment, Education, Human Capital, Inflation
Date: January 2017
URI: https://ir.uitm.edu.my/id/eprint/32220
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32220

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