Growth Environment Score and Economic Growth Nexus in Next Eleven Countries
This paper investigates the relationship between growth environment score and economic growth of N11 (Next eleven) countries over the period of 20 years that is; 1999-2018. A panel data regression, fixed effect model, random effect model and Hausman test are applied in our study.According to the Hausman specification test, the fixed-effect model is a suitable model for the study. Econometrics findings suggested that macroeconomic stability (external debt), macroeconomic conditions(investment) and human capital (education) have a significant impact on the economic growth of N11 countries. Our empirical findings provide insights on strategies that the countrywide government should enforce to enhance financial boom and improvement throughout the N11 countries.
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Economic Growth, Next Eleven Countries, Growth Environment Score, Panel Regression, Hausman Specification Test
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(1) Anam Tariq
Scholar, UCP Business School, Faculty of Management Studies, University of Central Punjab, Lahore, Punjab, Pakistan.
(2) Zahid Ahmed
Associate Professor, UCP Business School, Faculty of Management Studies, University of Central Punjab, Lahore, Punjab, Pakistan.