Navigating economic growth challenges in developing countries

A case study of BIMSTEC

Bibliographic Data

ID22110363
AuthorsArbind Chaudhary (0000-0003-0036-232X, Economic Policy Research Institute), Ramesh C Paudel (0000-0001-7721-3205, Government of Nepal, corresponding author)
Year2024
Volume10
Issue1
Publication date2024-12-31
Open AccessYes
TypeARTICLE
VenueCogent Social Sciences (JOURNAL)
Journal identifiersISSN: 2331-1886 • E-ISSN: 2331-1886
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/23311886.2024.2431591
OpenAlexW4404738093
LanguageEN
Citations received1
References cited50

Economic growth remains a central concern for policymakers and global scholars, especially in the context of pandemics like Covid-19. This study delves into the multifaceted growth issues in the BIMSTEC region. Drawing from empirical evidence, this study identifies significant factors influencing economic growth, including landlockedness, corruption and political crises. Landlockedness has a negative impact on economic growth. Corruption acts as grease in the wheel, while political crises hamper the economic growth rate in the pandemic era. These findings are robust under random effect models. The synthesis of this study focuses on accelerating good governance, providing coastal access to landlocked states and implementing free trade agreements to stimulate regional economic growth

Business · Developing country · Development economics · Economic growth · Economics · Economic Growth and Development · International Development and Aid · Natural Resources and Economic Development

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Open DOIOpen Access