Aripiprazole differs little from typical antipsychotic drugs with respect to efficacy, however it presents significant advantages in terms of tolerability. Clearly reported pragmatic short, medium and long term randomised controlled trials are required to replicate and validate these findings and determine the position of aripiprazole in everyday clinical practice.
In this paper we estimate the proximate determinants of economic growth in four major economies of South Asia with special emphasis on the role of institutions in conjunction with stock of physical capital, human capital and openness (measured as trade as percentage of GDP) as major predictor variables. World Governance indicators are available since 1996; therefore, we run a panel regression using the fixed-effect method of estimation for the period of 1996-2010. We also employ a dynamic panel using System-Generalized Method of Moments (SGMM) to counter the possible endogeneity among the variables and also the weak instrumental problem of earlier Arellano and Bond (1991) dynamic panel model. The two institutional measures, namely, voice and accountability and government effectiveness have appeared to be significant predictors of growth of selected South Asian countries. Our results also support the conventional growth predictors like physical and human capital but the effect of openness on growth surprisingly appears to be negative and significant in the period under study.
In this article we estimate the role of institutions in conjunction with physical capital stock, human capital stock, openness and liberalisation in economic growth of the four major economies of South Asia. We apply both time series and panel data analysis for estimation. The time series analysis shows that physical capital stock positively influences economic growth of the four major South Asian countries. The influence of the other factors varies across the countries in the long run. When we control for institutional quality, the speed of adjustment diminishes for every country. The panel data analysis shows that voice and accountability and regulation impart positive and significant influence while government effectiveness and rule of law imparts negative significant influence on PCGDP of the countries. The study shows the need for higher investment in human capital, physical capital. Additionally, the quality of institutions in South Asia needs attention, to sustain growth in future.
Aripiprazole is not much different from typical antipsychotic drugs with respect to efficacy. However it presents significant advantages in terms of tolerability due to its favourable adverse effects profile. This might enhance its effectiveness in encouraging compliance. Clearly reported pragmatic short, medium and long term randomised controlled trials are required to replicate and validate these findings and determine the position of aripiprazole in everyday clinical practice.
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