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 10 May 2024 | Revised Manuscript received on 30 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.A256704010524 | DOI: 10.54105/ijef.A2567.04010524
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© 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: The investigation uses quantitative approaches and 1996–2019 time series information to show the association between GDP metrics and accountability proportion in Pakistan. It examines the causal connection between administration along with GDP development, focusing on how accountability affects FDI, fixed assets, and technology. The research uses bounds test evaluation to determine these parameters’ long-term association. Two steps comprise the examination method. Initially, stationarity is tested using typical Augmented Dickey-Fuller (ADF) examinations. Furthermore, autoregressive distributed lag (ARDL) bound testing identifies causality. Fixed finances and technological advancement have significant positive linear associations, while foreign direct investment along with the accountability proportion have moderately favorable linear connections. Granger causality analyses imply that the factors might not have been causally related during the chosen time span. Although the tests show no Granger causal links, the research suggests a relationship among foreign direct investment along with fixed assets that may deserve additional study.
Keywords: Accountability, GDP Growth, ARDL, Pakistan
Scope of the Article: Economics