Assessment of key determinants for economic growth in Pakistan
This study actually attempts to investigate economic growth determinants in case of Pakistan for the period of 1980 to 2009. The autoregressive distributed lag (ARDL) and error correction model (ECM) have employed to investigate the long run and short run parameters between economic growth and its m...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2014-09-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1022.pdf
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| _version_ | 1818198343698874368 |
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| author | Sami ULLAH Saleem KHAN Farid ULLAH |
| author_facet | Sami ULLAH Saleem KHAN Farid ULLAH |
| author_sort | Sami ULLAH |
| collection | DOAJ |
| description | This study actually attempts to investigate economic growth
determinants in case of Pakistan for the period of 1980 to 2009. The autoregressive
distributed lag (ARDL) and error correction model (ECM) have employed to
investigate the long run and short run parameters between economic growth and
its major determinants. Prior the stated approaches has confirmed through ADF
test that all of the variables are integrated first order i.e. I (1). The results from
ARDL show that there is co-integration between economic growth and explanatory
variables that are real domestic investment, foreign investment, export, remittances
and literacy rate. The estimated long run elasticities of economic growth with
respect to domestic investment, foreign investment, exports, remittances and
literacy rate were found as, 0.121, 0.026, 0.020, 0.065 and 0.224. Further, results
depict that the error coefficient term is -0.67 and significant, suggest 67 percent
adjustment in a year. |
| first_indexed | 2024-12-12T02:04:22Z |
| format | Article |
| id | doaj.art-cb931a68171d4a49876a9e5f4a7e1ad8 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-12T02:04:22Z |
| publishDate | 2014-09-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-cb931a68171d4a49876a9e5f4a7e1ad82022-12-22T00:42:06ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292014-09-01XXI910311418418678Assessment of key determinants for economic growth in PakistanSami ULLAH0Saleem KHAN1Farid ULLAH2 Govt. College of Commerce and Management Sciences, Bannu Township Bannu, Pakistan Gomal University D.I. Khan, Pakistan Gomal University D.I. Khan, Pakistan This study actually attempts to investigate economic growth determinants in case of Pakistan for the period of 1980 to 2009. The autoregressive distributed lag (ARDL) and error correction model (ECM) have employed to investigate the long run and short run parameters between economic growth and its major determinants. Prior the stated approaches has confirmed through ADF test that all of the variables are integrated first order i.e. I (1). The results from ARDL show that there is co-integration between economic growth and explanatory variables that are real domestic investment, foreign investment, export, remittances and literacy rate. The estimated long run elasticities of economic growth with respect to domestic investment, foreign investment, exports, remittances and literacy rate were found as, 0.121, 0.026, 0.020, 0.065 and 0.224. Further, results depict that the error coefficient term is -0.67 and significant, suggest 67 percent adjustment in a year. http://store.ectap.ro/articole/1022.pdf economic growthTime Series DataARDLPakistan |
| spellingShingle | Sami ULLAH Saleem KHAN Farid ULLAH Assessment of key determinants for economic growth in Pakistan Theoretical and Applied Economics economic growth Time Series Data ARDL Pakistan |
| title | Assessment of key determinants for economic growth in Pakistan |
| title_full | Assessment of key determinants for economic growth in Pakistan |
| title_fullStr | Assessment of key determinants for economic growth in Pakistan |
| title_full_unstemmed | Assessment of key determinants for economic growth in Pakistan |
| title_short | Assessment of key determinants for economic growth in Pakistan |
| title_sort | assessment of key determinants for economic growth in pakistan |
| topic | economic growth Time Series Data ARDL Pakistan |
| url |
http://store.ectap.ro/articole/1022.pdf
|
| work_keys_str_mv | AT samiullah assessmentofkeydeterminantsforeconomicgrowthinpakistan AT saleemkhan assessmentofkeydeterminantsforeconomicgrowthinpakistan AT faridullah assessmentofkeydeterminantsforeconomicgrowthinpakistan |