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

Ethics problems of advertising

New competition is not between companies’ products but between their added values in the form of advertising, promotional activities, services, advices, etc. Advertising is one of the most frequent ways of promotional ac...

FROM DEFECTIVE TO EFFECTIVE BiH DEVELOPMENT POLICY

After 21 post-war years Bosnia and Herzegovina (BiH) found itself in a “middle income trap”. It is not classified into low income countries because workers and citizens do not accept low wages and low standard of living,...

Financial reporting policy as tool for creating value for stockholders

Financial reporting process has long outgrown the framework of accounting functions of the сompany. It is an important management tool that serves not only accountability, but also communicating with the investment commu...

IS THERE HOPE FOR MANAGERIAL CAPITALISM

In the time of turbulence, fast changes and globalization of business, leadership are becoming increasingly important in creation and keeping organization’s competitive advantage. On the basis, this paper deals with prob...

THE EUROPEAN UNION: A STATE OR AN INTERNATIONAL ORGANIZATION

The European Union was established on the basis of a treaty between sovereign and independent countries. The origins of the EU could be traced back to the European Community for Coal and Steel, the European Economic Comm...

Download PDF file
  • EP ID EP43794
  • DOI https://doi.org/10.7251/ACE1421023A
  • Views 319
  • 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