Developing Good Governance, Management and Leadership in Universities and Degree Awarding Institutions (DAIs): A Case of Pakistan

Higher education is the most important component for the development of a nation. Unfortunately, in Pakistan this realization was not only late but the pace of development is very slow as well. Developing nations have been working to uplift their educational standard since last decade but there are many obstacles and hurdles that are emerging. This paper investigates the relationship between the good governance and management. For this time series data of period 1992 to 2010 is studied as a sample. Regression analysis and co integration are tested to explore the relationship among the variables. Literacy rate is used as the proxy of the good governance and enrolment in higher education, number of teachers in higher education and numbers of universities (public and private) are used as independent variables. The results of regression analysis showed significant positive relationship among all the variables, which confirms the hypothesis that good governance and management have positive relation. The government of Pakistan needs to increase the spending on the education sector (which is significantly low to 2.5%1) for the development of the country, as educated labor force influences the growth.