Governance on multidimensional poverty : the case D-8 countries

Abstract

The research aims to identify the characteristics of Good Governance that could potentially alleviate Multidimensional Poverty, as suggested by the Worldwide Government Indicators (WGI) proxy. It is also intended that this research will serve as a useful tool for D-8 officials and other policymakers in order to develop policies aimed at improving governance in the D-8 Organization for Economic Cooperation member countries. Using the Panel Data Analysis, the research determines the impact of governance on multidimensional poverty in the D-8 countries compared to other countries. Using data over the period of 2009 to 2022 from the World Bank Group for both dependent and independent variables. It was discovered that in the case of D-8 countries, only Political Stability and Absence of Violence, and Control of Corruption have proven to be able to mitigate Multidimensional Poverty while Voice and Accountability have proven to worsen Multidimensional Poverty in D-8 countries.