China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan
The study aims to analyze the impact of China–Pakistan Economic Corridor (CPEC) logistics-related developments on economic growth in Pakistan. The study defined a Cobb–Douglas type of research framework in which the country’s real income level relates to four factor inputs, e.g., employed labor forc...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-06-01
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| Series: | Logistics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2305-6290/5/2/35 |
| _version_ | 1797531185557012480 |
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| author | Zunaira Khadim Irem Batool Muhammad Bilal Lodhi |
| author_facet | Zunaira Khadim Irem Batool Muhammad Bilal Lodhi |
| author_sort | Zunaira Khadim |
| collection | DOAJ |
| description | The study aims to analyze the impact of China–Pakistan Economic Corridor (CPEC) logistics-related developments on economic growth in Pakistan. The study defined a Cobb–Douglas type of research framework in which the country’s real income level relates to four factor inputs, e.g., employed labor force, logistics development, financial development, and energy consumption in an economy. The study utilized the time series data set for the period 1972–2018. To estimate the long run relationship and short run adjustment mechanism, the study used Johansen’s method of co-integration and error correction model. Estimated results showed that the country’s logistics developments have a significant positive impact on economic growth in both the long run and the short run. It implies that China–Pakistan collaborative efforts for logistics developments will have a strong positive impact on economic growth in Pakistan. |
| first_indexed | 2024-03-10T10:39:21Z |
| format | Article |
| id | doaj.art-b46db6f548c54c8da8f145c649466489 |
| institution | Directory Open Access Journal |
| issn | 2305-6290 |
| language | English |
| last_indexed | 2024-03-10T10:39:21Z |
| publishDate | 2021-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj.art-b46db6f548c54c8da8f145c6494664892023-11-21T23:03:55ZengMDPI AGLogistics2305-62902021-06-01523510.3390/logistics5020035China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in PakistanZunaira Khadim0Irem Batool1Muhammad Bilal Lodhi2Department of Economics, National College of Business Administration & Economics, Lahore 54660, PakistanDepartment of Management Sciences, COMSATS University Islamabad, Sahiwal Campus, Sahiwal 57000, PakistanDepartment of Management Sciences, COMSATS University Islamabad, Sahiwal Campus, Sahiwal 57000, PakistanThe study aims to analyze the impact of China–Pakistan Economic Corridor (CPEC) logistics-related developments on economic growth in Pakistan. The study defined a Cobb–Douglas type of research framework in which the country’s real income level relates to four factor inputs, e.g., employed labor force, logistics development, financial development, and energy consumption in an economy. The study utilized the time series data set for the period 1972–2018. To estimate the long run relationship and short run adjustment mechanism, the study used Johansen’s method of co-integration and error correction model. Estimated results showed that the country’s logistics developments have a significant positive impact on economic growth in both the long run and the short run. It implies that China–Pakistan collaborative efforts for logistics developments will have a strong positive impact on economic growth in Pakistan.https://www.mdpi.com/2305-6290/5/2/35China–Pakistan Economic Corridor developmentslogistics developmentseconomic growthPakistan |
| spellingShingle | Zunaira Khadim Irem Batool Muhammad Bilal Lodhi China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan Logistics China–Pakistan Economic Corridor developments logistics developments economic growth Pakistan |
| title | China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan |
| title_full | China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan |
| title_fullStr | China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan |
| title_full_unstemmed | China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan |
| title_short | China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan |
| title_sort | china pakistan economic corridor logistics developments and economic growth in pakistan |
| topic | China–Pakistan Economic Corridor developments logistics developments economic growth Pakistan |
| url | https://www.mdpi.com/2305-6290/5/2/35 |
| work_keys_str_mv | AT zunairakhadim chinapakistaneconomiccorridorlogisticsdevelopmentsandeconomicgrowthinpakistan AT irembatool chinapakistaneconomiccorridorlogisticsdevelopmentsandeconomicgrowthinpakistan AT muhammadbilallodhi chinapakistaneconomiccorridorlogisticsdevelopmentsandeconomicgrowthinpakistan |