those who claim only institutions matter to economic growth and others who claim that only governance matters is totally … quality of institutions or governance to economic growth. Findings – It is shown that the empirical model specification as … research needs to incorporate not only the institutions, and governance but also the desire to save, invest and innovate to …

growth and good governance, knowledge, ethical conduct and economic growth are interdependent. That is, Kautilya believed in … the Solow residuals into contributions made by technical progress and good governance towards economic growth. Originality …