THE IMPACT OF ELECTRIFICATION AND GOVERNMENT POLICIES ON URBANIZATION IN SOUTH ASIA

Author(s): Rahaman M.M.

Rubric: Domestic and foreign trade

DOI: 10.21777/2587-554X-2023-4-66-74

Release: 2023-4 (47)

Pages: 66-74

Keywords: urbanization, electrification, economic development of South Asian nations, monetary policy, government ef- fectiveness

Annotation: Effective urbanization serves as a pivotal indicator for advancing socio-economic development. While developed nations have realized this objective successfully, propelled by advancements in the electrical sector, South Asian countries face hindrances, primarily limited access to electricity. This study delves into the impact of government policies on electricity concerning urban development, utilizing panel data spanning from 1996 to 2021. Apply- ing the Pooled Mean Group (PMG) regression method, the research discerns electricity’s substantial influence on the urbanization process in South Asian countries. Additionally, it uncovers the positive correlation between government expenditures and urban development, despite the detrimental effects of government employees’ ef- ficiency and monetary policies. These detriments are linked to skill shortages, corruption, and inadequate future development planning. To facilitate urbanization progress, South Asian governments must prioritize enhancing electricity access, improving employee efficiency, and adjusting monetary policies. This strategic approach can pave the way for accelerated urban development and comprehensive socio-economic growth.

Bibliography: Rahaman M.M. THE IMPACT OF ELECTRIFICATION AND GOVERNMENT POLICIES ON URBANIZATION IN SOUTH ASIA // Economics and Management. – 2023. – № 4 (47). – С. 66-74. doi: 10.21777/2587-554X-2023-4-66-74