Institutional Quality and Economic Growth: A Systematic Literature Review

Abstract

The objective of this study is to establish a correlation between the phenomenon of economic growth in Pakistan and the concept of total factor productivity. The region has had a significant challenge in terms of its economic growth, which has been characterized by a sluggish pace in recent times. This study conducts a comprehensive analysis of the existing literature pertaining to the factors that influence economic growth in pakistan. The findings of this research indicate that the primary concern lies in the sluggish progress of total factor productivity (TFP) improvement. Moreover, a correlation exists between this matter and the caliber of institutions inside the vicinity. Unfortunately, articulating the essence of institutional excellence in a substantive manner poses considerable challenges. This has an impact on public policies pertaining to the advancement of regional economic growth. Ultimately, it has been substantiated that although the aforementioned matter holds significance for pakistan, the area does not possess any distinctive characteristics in relation to this phenomenon.

Keywords: Institutional Quality, Economic Growth.