Abstract
The aim of this study is to examine the influence of macroeconomic factors such as inflation and real effective exchange rate on economic growth of Pakistan. This study employing time series data covering the period from 1990 to 2020. The study also used correlation coefficient and regression analysis to accomplish the goal. However, the findings of correlation coefficient indicates that inflation has negative and significant impact on economic growth, whereas real effective exchange rate has positive but insignificant effect on GDP growth of Pakistan. Result of regression analysis reveals that inflation and real effective exchange rate has significantly negative and positive effect on economic growth (GDP) of Pakistan. The study finding`s suggested SBP to pursue a rigorous monetary policy in order control inflation.
Publisher
Fast & Advanced Research in Academia for Human Sustainability
Subject
History,Immunology,Immunology and Allergy,Pulmonary and Respiratory Medicine,Public Health, Environmental and Occupational Health,Health Policy,Law,Sociology and Political Science,Literature and Literary Theory,Linguistics and Language,Language and Linguistics,General Engineering,Literature and Literary Theory,Linguistics and Language,Language and Linguistics,Literature and Literary Theory,History,Cultural Studies,Political Science and International Relations
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