Impact of Good Governance on Indian Manufacturing Growth: A System Dynamics Analysis

Ravindra Ojha and Prem Vrat

Metamorphosis: A Journal of Management Research, 2017, vol. 16, issue 1, 1-10

Abstract: The quality of governance is influenced by and also has far-reaching implications on the political, economic, social, and technological growth of a nation. Good governance can be a significant player in accelerating India’s manufacturing growth plan. Government effectiveness is a critical element of good governance and is a function of the nation’s political stability, macroeconomic health, and the government’s reform-related decision-making capacity to drive the manufacturing growth rate. In order to study the impact of the quality of governance and its factors on the nation’s manufacturing growth, a system dynamics (SD) approach has been adopted in the article. The meaningful simulations carried out using the SD modelling, under the current economic environment, are expected to provide insights to the policymakers and strategic planners for evolving strategies in good governance for growth.

Keywords: Manufacturing growth; good governance; government effectiveness; ease-of-doing business; political stability; system dynamics (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:metjou:v:16:y:2017:i:1:p:1-10

DOI: 10.1177/0972622517696547

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