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Share of UFPEs by types and percentage of registered enterprises, 2010-11 and 2015-16

Share of UFPEs by types and percentage of registered enterprises, 2010-11 and 2015-16

Contexts in source publication

Context 1
... OAEs do not hire workers from outside whereas EST type enterprises hire workers from outside. Table 2 reveals that around 80% UFPEs enterprises were OAEs type in India. The share of OAEs were highest in fish product enterprises. ...
Context 2
... OAEs do not hire workers from outside whereas EST type enterprises hire workers from outside. Table 2 reveals that around 80% UFPEs enterprises were OAEs type in India. The share of OAEs were highest in fish product enterprises. ...

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It is recorded in the literature that after globalization while some nations have seen rapid economic expansion, others have had difficulties. Good governance is one of the factors that can be used to explain the reasons behind it. Control of corruption, government effectiveness, political stability and absence of violence, regulatory quality, the rule of law, and voice and accountability are prime indications of good governance. The first objective of the study is to establish a causal relationship between countries’ economic growth and good governance. The second goal is to show how the six indicators are important in predicting economic growth. The study uses data on the six indicators from the world development indicators for the countries of the United States, China, Japan, Germany, and the United Kingdom for the period 2002–2022 using causality analysis and panel regression analysis. The result of the analysis suggests that different countries have different levels of good governance. In the test of causality, it is found that in China, Japan, and the United Kingdom, the growth of GDP has a significant role in good governance. On the other hand, causality is not found from GDP to good governance in the United Kingdom and Germany. It is found from the panel regression that political stability and absence of violence, regulatory quality, control of corruption, rule of law, voice and accountability, and square of government effectiveness have a positive impact on economic growth.
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The chapter tests if governance performance and sustainable governance are related. Based on the criteria for sustainable governance outcomes and structures, the study hypothesizes sustainable governance as that which positively contributes to environment quality, health quality or economic well-being and adapts positively to improvements in any one of them. Panel data is taken for the years 2000–2015 for 115 countries, clustered as high, middle and low performers based on their governance scores by K-means clustering applying panel vector auto-regression analysis. Results show that only high performer countries have sustainable governance since there is bidirectional positive significant relationship between governance and sustainability. In the middle performer countries, governance does not adapt positively to improvements in sustainability. Lastly, in the low performer countries, governance negatively impacts sustainability. High performers should encourage innovative governance practices but without radical measures that might change their governance structures. For the middle performers, structural changes are required for economic, environment and health issues. Introducing participatory administrative reforms will help do away with bureaucratic delays. Lastly, low performers should introduce structural reforms in governance as their existing governance structures negatively impact sustainability; i.e., they self-reinforce their own existence.