DOES GOVERNMENT EFFECTIVENESS AFFECT SUSTAINABLE ECONOMIC GROWTH: EVIDENCE FROM WEST AFRICAN DEVELOPING COUNTRIES

doi:10.26565/2524-2547-2026-73-05

Tanbir Hossain North Western University, Building-01, M. A. Bari Road, Sonadanga, Khulna, 9100, Bangladesh https://orcid.org/0000-0003-1935-3001
Zannatul Ferdous Cantonment College Jashore, Airport Road, Cantonment College Road, Jashore, 7403, Bangladesh https://orcid.org/0009-0005-9267-0435
Sabit Al Farabi North Western University, Building-01, M. A. Bari Road, Sonadanga, Khulna, 9100, Bangladesh https://orcid.org/0009-0004-6596-078X

DOI: https://doi.org/10.26565/2524-2547-2026-73-05

Keywords: Good Governance, Sustainable Economic Growth, Socio-Economic Variables, Government Effectiveness

Abstract

Good governance and its wings have an important role for macroeconomic development, where overpopulation, poverty, racism, terrorist groups, corruption, instability, illegal mining, etc, are the immense challenges that feel the fragrance of good governance. Within the period of 2030, all countries, including developed, developing and underdeveloped countries, are trying to convert their economy to a sustainable nature. Sustainability and economic growth are the two major controversial topics in underdeveloped countries, especially in the West African zone. The author considers panel data from 1995 to 2020 (About 26 years) to highlight the long-term effect of good governance on economic growth. The author considers 13 independent variables to measure the effect of independent variables on the dependent variable (GDP) using the fixed effect model and the random effect model. After analyzing the hypothesis, it is measured that fixed effect is appropriate in this model, life expectancy (LE), terms of trade (TT), capital formation (CF), and government effectiveness (GE) have statistically positive connections with economic growth. Conversely, labour force (LF), political stability (PS), and regulatory quality (RQ) have a statistically negative connection with economic growth. Sustainable economic growth is highly connected with social equity, innovative capacity, energy efficiency, resource utilization manner and resilient behavior of households, friendly foreign policy, green technology and effective governing attitude on local citizen. These effective variables affect economic growth on a long-term basis. In the West African region, it is a very challenging issue to implement sustainable agricultural and industrial polices, sustainable production and consumption behavior etc. GE has effective connection with sustainable economic growth, where sustainable economic growth does matter for long-term basis, some socioeconomic variables are closely connected with economic development.

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Author Biographies

Tanbir Hossain, North Western University, Building-01, M. A. Bari Road, Sonadanga, Khulna, 9100, Bangladesh

MSS in Economics, MA in Sustainable Development Management, Head of the Department of Economics

Zannatul Ferdous, Cantonment College Jashore, Airport Road, Cantonment College Road, Jashore, 7403, Bangladesh

MSS in Economics, Lecturer

Sabit Al Farabi, North Western University, Building-01, M. A. Bari Road, Sonadanga, Khulna, 9100, Bangladesh

BBA in Finance

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