EXPLORING THE DETERMINANTS OF ECONOMIC GROWTH: EVIDENCE FROM PAKISTAN

Author:

Waheed Rozina1,David Farrah2

Affiliation:

1. Department of Economics, UMT Lahore, Pakistan

2. Department of Economics, GC University Faisalabad, Pakistan

Abstract

This study aims to analyze the impact of different deriving forces like trade balance, capital, inflation rate, exchange rate and government fiscal measures on economic growth of Pakistan during the period 1977 to 2019. The empirical results are tested through ARDL co-integration method which indicates that capital, inflation rate, exchange rate and tax revenues have significant long term and short term relationship with economic growth.

Publisher

University of Sargodha

Reference13 articles.

1. Adhikary, B. K. (2010). FDI, trade openness, capital formation, and economic growth in Bangladesh: a linkage analysis. International Journal of Business and Management, 6(1), 16.

2. Ahmed, S. S., & Javed, A. (2017). The Effect of Public Sector Development Expenditures and Investment on Economic Growth: Evidence from Pakistan. Journal of Economics and Political Economy, 4(2), 203.

3. Ali, A., & Saif, S. (2017). Determinants of Economic Growth in Pakistan: A Time Series Analysis. European Online Journal of Natural and Social Sciences, 6(4), pp. 686-700.

4. Azam, M., & Khattak, N. U. R. (2009). Empirical Analysis of The Determinants of Economic Growth in Pakistan. Faculty Of Social Science, University Of Peshawar.

5. Blomstrom, M., Lipsey, R. E., & Zejan, M. (1993). Is fixed investment the key to economic growth? : National Bureau of Economic Research.

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