Impact of Institutional Quality, Climate Change and Employment on Sustainable Economic Growth in Developing Countries

Abstract

This research investigates the intricate interplay between institutional quality, climate change, and employment as determinants of sustainable economic growth in developing countries. The study addresses a noticeable research gap by comprehensively examining these factors and their impact on economic development. The thesis begins with an introduction outlining the significance of the research and identifying the research gap. Subsequently, research questions, objectives, and the problem statement are articulated to guide the study. Chapter 2 presents a thorough review of existing literature, establishing a foundation for the hypotheses and research framework outlined in the following sections. The hypotheses set forth in Chapter 2 are designed to test the relationships between institutional quality, climate change, employment, and sustainable economic growth. Chapter 3 elucidates the research methodology, detailing the chosen approach, population, and sampling methods. The research strategy, including data collection procedures, measurement of variables such as institutional quality, climate change, employment, and sustainable economic growth, is explained. The chapter also introduces controlled variables, such as foreign direct investment, and outlines the econometric equation used to analyze the data. The subsequent section presents the results and interpretation of the study, offering detailed insights derived from statistical analyses. Tables and figures depict correlations between variables, regression results, and panel regression outcomes. The interpretation of key coefficients, constants, and overall statistics provides a comprehensive understanding of the relationships explored in the research. The conclusion section summarizes the findings, emphasizing the implications of institutional quality, climate change, and employment on sustainable economic growth in developing countries. The overall model fit is assessed to gauge the robustness of the study's framework. Based on the research outcomes, recommendations are presented for policymakers, suggesting strategies to enhance institutional quality, address climate change concerns, and promote employment for fostering sustainable economic growth. This thesis contributes to the existing body of knowledge by offering a nuanced understanding of the dynamics shaping economic development in developing countries. The findings provide valuable insights for policymakers, researchers, and practitioners striving to formulate effective strategies for achieving sustainable economic growth in the face of evolving institutional, environmental, and employment challenges.