Institutional Quality and Digitalization's Role in Attaining Sustainable Development: Study of G-8 & SAARC Countries

Authors

  • Muhammad Zafar PhD Scholar, Department of Management Sciences National University of Modern Languages (NUML) Islamabad
  • Dr. Aijaz Mustafa Hashmi Assistant Professor Department of Management Sciences National University of Modern Languages (NUML) Islamabad
  • Dr. Ishtiaq Ahmed Assistant Professor, Department of Management Sciences, NUML Islamabad

DOI:

https://doi.org/10.33897/fujbe.v9i1.889

Keywords:

Institutional Quality, Digitalization, Digital Innovation. E-Governance Index. ICT Exports and Internet Users. Sustainable Development, SAARC, G8 Countries.

Abstract

The importance of Institutional Quality and Digitalization in sustainable development has led to increased academic research. This study aims to investigate the relationship between Institutional Quality, digitalization, and sustainable development in SAARC and G8 countries. A sample of SAARC and G8 countries was selected for a nineteen-year period from 2004 to 2021. Digitalization is measured through Digital Innovation, E-Governance, ICT Exports, and Internet Users. Panel Regression was used for the analysis. The findings suggest that Institutional Quality and digitalization are crucial factors in achieving sustainable development and that G8 countries have higher levels of Institutional Quality and digitalization than SAARC countries. The study concludes with recommendations for policymakers to efficiently improve institutional quality and digitalization for achieving sustainable development.

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Published

2024-02-06

Issue

Vol. 9 No. 1 (2024): Foundation University Journal of Business and Economics

Section

Articles