Hoda El Kolaly

This paper benefits from strong versus weak government governance for prioritizing the progress of sustainable development projects via optimization algorithms. This paper constructs two indices, namely, the sustainable development index (SDI) score, which uses worldwide sustainable development goals, and the world governance index (WGII), which uses the six pillars of world governance indicators. The data include 193 countries over the period 2000–2022.

7. Conclusions This paper offers further insights into institutional uncertainty as efforts for improving the three pillars of HPI remain usually expected and uncertain. Therefore, the relevant treatment being carried out in this paper compares the impacts of historical and stochastic simulation of the impacts of HPI on equity market development indicators.

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