Open AccessGrowth Environment Score and Economic Growth Nexus in Next Eleven Countries
Author(s) -
Anam Tariq,
Zahid Ahmed
Publication year - 2022
Publication title -
global social sciences review
Language(s) - English
Resource type - Journals
eISSN - 2616-793X
pISSN - 2520-0348
DOI - 10.31703/gssr.2022(vii-i).09
Subject(s) - hausman test , nexus (standard) , panel data , fixed effects model , economics , boom , random effects model , fixed asset , investment (military) , human capital , econometrics , debt , macroeconomics , economic growth , medicine , meta analysis , environmental engineering , production (economics) , politics , computer science , law , political science , engineering , embedded system
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.