Relationship Between Industrialization and Economic Growth: An Empirical Study of Pakistan
The purpose of this paper is to investigate the long run relationship of Industrialization and Economic Growth in Pakistan. The time series data from 1976-2015 is used. The main source of data is World Development Indicator (WDI). Gross Domestic Product is used as dependent variable, while Industria...
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2020-12-01
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| Series: | International Journal of Management, Accounting and Economics |
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| Online Access: | https://www.ijmae.com/article_124743_d4c0ca483874278324ac0394d73078db.pdf |
| _version_ | 1797690413161644032 |
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| author | Sahar Qaiser |
| author_facet | Sahar Qaiser |
| author_sort | Sahar Qaiser |
| collection | DOAJ |
| description | The purpose of this paper is to investigate the long run relationship of Industrialization and Economic Growth in Pakistan. The time series data from 1976-2015 is used. The main source of data is World Development Indicator (WDI). Gross Domestic Product is used as dependent variable, while Industrial Output, Foreign Direct Investment, Saving and Inflation are used as the independent variables. The ARDL testing Approach has been applied on the data. After it, the stability of the function was tested by CUSUM. The results of ARDL bound testing reveals the long run association between industrial output and GDP. This study shows that an increase in Industrial Output increases the Gross Domestic Product in Pakistan. In the end, the stability of results is confirmed by CUSUM test. |
| first_indexed | 2024-03-12T01:59:14Z |
| format | Article |
| id | doaj.art-5f30f56003344e288df8b7d56f0cdc4b |
| institution | Directory Open Access Journal |
| issn | 2383-2126 |
| language | English |
| last_indexed | 2024-03-12T01:59:14Z |
| publishDate | 2020-12-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj.art-5f30f56003344e288df8b7d56f0cdc4b2023-09-07T21:45:26ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262020-12-0171269570710.5281/zenodo.4482746124743Relationship Between Industrialization and Economic Growth: An Empirical Study of PakistanSahar Qaiser0Department of Economics, University of Karachi, Karachi, PakistanThe purpose of this paper is to investigate the long run relationship of Industrialization and Economic Growth in Pakistan. The time series data from 1976-2015 is used. The main source of data is World Development Indicator (WDI). Gross Domestic Product is used as dependent variable, while Industrial Output, Foreign Direct Investment, Saving and Inflation are used as the independent variables. The ARDL testing Approach has been applied on the data. After it, the stability of the function was tested by CUSUM. The results of ARDL bound testing reveals the long run association between industrial output and GDP. This study shows that an increase in Industrial Output increases the Gross Domestic Product in Pakistan. In the end, the stability of results is confirmed by CUSUM test.https://www.ijmae.com/article_124743_d4c0ca483874278324ac0394d73078db.pdfforeign direct investmentgross domestic productsaving |
| spellingShingle | Sahar Qaiser Relationship Between Industrialization and Economic Growth: An Empirical Study of Pakistan International Journal of Management, Accounting and Economics foreign direct investment gross domestic product saving |
| title | Relationship Between Industrialization and Economic Growth: An Empirical Study of Pakistan |
| title_full | Relationship Between Industrialization and Economic Growth: An Empirical Study of Pakistan |
| title_fullStr | Relationship Between Industrialization and Economic Growth: An Empirical Study of Pakistan |
| title_full_unstemmed | Relationship Between Industrialization and Economic Growth: An Empirical Study of Pakistan |
| title_short | Relationship Between Industrialization and Economic Growth: An Empirical Study of Pakistan |
| title_sort | relationship between industrialization and economic growth an empirical study of pakistan |
| topic | foreign direct investment gross domestic product saving |
| url | https://www.ijmae.com/article_124743_d4c0ca483874278324ac0394d73078db.pdf |
| work_keys_str_mv | AT saharqaiser relationshipbetweenindustrializationandeconomicgrowthanempiricalstudyofpakistan |