ACCOUNTABILITY AND ECONOMIC PROSPERITY: UNVEILING THE NEXUS BETWEEN GOVERNANCE RESPONSIBILITY AND GDP GROWTH IN PAKISTAN

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.