This paper used index of institutionalized social technologies (lIST) developed by Siddiqui and Ahmed (2018) as a proxy of institutions quality, to analyse their impact on Economic growth. This index was made up of two sub-indices namely Risk reducing technologies and Anti Rent seeking...

This study reviewed the literature on sustainable economic growth and institutions in the context of developed and less developed countries specifically Pakistan. It also surveyed the studies conducted to empirically asses the validity of neo classical convergence. This review have clearly...

Developed countries pursue different policies for their growth trajectory. For some, there was no government intervention, and purely financed by private enterprise. For others it involve active government planning and investment. Developing countries had ‘advantage' of backwardness. They were...

This paper analyzes the long-run dynamics between quality of institutions measured by recently developed Index of institutionalized social technologies, and Economic performance in the sample of 84 countries covering the period 2002-2006. Panel cointegration tests and FM OLS (Fully Modified OLS)...

Financial inclusion is considered as the befitting support to help in economic development. This inclusion’s getting a wide spectrum of understanding after different researchers and policymakers delving into the interest of financial inclusion, its direct and indirect association with the...

Background: Saving and investment are two of the most important tools for economic growth. The interest rate has always been considered an important determinant of saving and investment. However, according to Islamic teachings, riba or earning interest on saving or investment is forbidden, and...

The theories discussed here are Classical theory of growth, Structural-change theory, Neoclassical Growth Models, Endogenous growth theory, Schumpeterian theory of innovation, as well as some Alternative theoretical contributions. The discussion of these theories from the simple accelerator to...

This paper explores the role of state institutions in promoting growth using a GMM technique applied to cross-sectional data from 45 countries. Specifically it attempted to test the impact of different dimensions of institutions on growth using an index of institutionalized social technologies...