Role of Governance and External Debt on the Growth
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Date
2017
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Publisher
UMT, Lahore
Abstract
The purpose of this study to evaluate the role of the governance in the growth of the economy in the case of the SAARC countries. This study has taken the WDI data from the 1996 to 2016 shows the positive relationship and analysis with GDP. This study also shows, that there is a negative relationship between the GDP and external debt in the research. Which indicates that if external debt is increasing then the GDP will decrease. And a positive relationship of GDP with the foreign direct investments, remittance and the exports. Which means if FDI, REM and exports are increasing then the GDP will increase. In the case of Pakistan, the country is in the phase of dependent growth with external debt to some extent