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September 12, 2025Social science review archives.Open Access

The Role of Financial Crisis in Economic Growth; Empirical Evidence from Selected South Asian countries

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Authors

WAWasim AkramSASadia AliAQAbdul Quddoos

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Overview

Panel data analysis reveals significant negative impacts of financial crisis on economic growth in South Asian countries, highlighting the role of institutional quality.

Key Points

  • The financial crisis significantly hinders economic growth in South Asian countries like India, Pakistan, and Sri Lanka.
  • Panel data analysis utilized from 1995 to 2022, indicating a strong negative correlation between financial crises and economic performance.
  • The study employed random effect and fixed effect models to assess the variables, with the Hausman test determining the model choice.
  • Strong institutional quality and rule of law contribute positively to economic stability, suggesting necessary policy interventions.

Cite This Study

Akram et al. (2025) studied this question.

synapsesocial.com/papers/68d44c4d31b076d99fa55dbdhttps://doi.org/10.70670/sra.v3i3.997
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  5. 5The Impact of Institutional and Economic Factors on Economic Growth in Selected SAARC Countries: Panel Data Analysis2026