Measuring the Governance in Pakistan: An Introduction to KU Index

Journal Title: Acta Economica - Year 2014, Vol 12, Issue 21

Abstract

The governance at the national level has commonly been measured as poor or good governance by researchers in the area of public sector reforms. They have rarely attempted the numeric estimation of the concept but used different socioeconomic indicators as proxies. Governance is a multidimensional concept that cannot be accurately elaborated by a single indicator. In the literature there exists a gap for gauging the governance in the form of an index. The current study has attempted to ameliorate different dimensions of governance by including forty two social, political, economic, demographic and environmental indicators. These indicators are firstly merged into thirteen sub-dimensions and then into five dimensions. The dimensions have been transformed in to governance index. The trend of the index shows that governance has not only progressed very slowly but it remained desperate in the study period. The contribution of this study is to provide governance index named KU index for Pakistan in annual time series for the years 1980-81 to 2010-2011. The index explained the level of governance in different eras and is ultimately connected with public sector reforms. It can be used by researchers as an explanatory factor for various political, socioeconomic and regional strategic phenomenon. Furthermore, the criterion of estimation of governance may be adopted for other economies and comparative analysis may be done.

Authors and Affiliations

Rana Ejaz Ali Khan, Shafqut Ullah

Keywords

Related Articles

GLOBALISATION AND MODERNISATION OF A TRANSITIONAL ECONOMY

Understanding the essence of globalization and its dramatic and contradictory processes is a pre-requirement of successful modernization of any transitional country. If global courses are considered from the economic poi...

SMALL TRANSITION EMERGING MARKET FUTURE

Changing conditions in modern capital markets environment transforms stock exchanges from non for profit organizations with central positions in capital market and special governmental treatment to profit oriented compan...

POST‐CRISIS TAX STRATEGY OF THE EUROPEAN UNION AND LESSONS FOR BOSNIA AND HERZEGOVINA

Balancing between tax sovereignty of the Member States guaranteed by the Constitution of the Union and the need for tax coordination, the EU have announced a strategy for reform of the EU tax system. The new EU tax strat...

Lean business concept - a way to access domestic companies in global markets

Modern business conditions have intensified competition in almost all areas of activities. The processes of globalization and internationalization, as well as the intensive development of technology, have made it much mo...

Innovation and industrialization: the way ahead for developing countries

Although most countries in the world have had a long tradition of craft based manufacturing or cottage industries, which arose from the „grass roots”, large-scale industrialization did not happen through natural forces e...

Download PDF file
  • EP ID EP43794
  • DOI https://doi.org/10.7251/ACE1421023A
  • Views 326
  • Downloads 0

How To Cite

Rana Ejaz Ali Khan, Shafqut Ullah (2014). Measuring the Governance in Pakistan: An Introduction to KU Index. Acta Economica, 12(21), -. https://europub.co.uk/articles/-A-43794