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Title Role of Institutions in Human Well-being; A Panel analysis of South Asian Countries

Author(s) Mr. Aftab Ahmed

Abstract This thesis has tried to examine the impact of institutions on human well-being in the case of South Asian countries for 1996 to 2020. Pakistan, India, Sri Lanka, and Bangladesh have been selected for this purpose. This study has used human well-being as a dependent variable, whereas regulatory quality, economic freedom, voice and accountability, rule of law, income inequality, corruption, and unemployment rate are selected as independent variables. To investigate the stationarity of the selected indicators PP-Fisher Chi-square, Im, Pesaran and Shin, ADF - Fisher Chi-square, Levin, Lin & Chu t*, and W-stat unit-roots have been used. This thesis has used a panel-ARDL for the long-run connection between the indicators of the model. The outcomes of the analysis display that governing excellence, rule of law and economic freedom are significantly encouraging human well-being. The rise in institutional quality creates more employment opportunities to raise income, education, and health status of a nation, this reveals that selected South Asian countries should promote institutional excellence to raise the standard in human well-being. Voice and accountability, and corruption have an inverse and significant influence on human well-being in South Asian economies. Income inequality has an inverse but insignificant influence on human well-being, whereas unemployment has a significantly positive influence on human well-being. It is recommended that to improve human well-being level of institutions must be improved in the case of South Asian countries.

Type Thesis/Dissertation

Faculty Management Sciences

Department Economics

Language English

Publication Date 2022-12-08

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