Internal and External Determinants of Economic Growth: A closer look at Pakistan’s Economy
This study aims to investigate the impact of internal and external determinants of economic growth on the economic growth of Pakistan. Major internal determinants include stock of physical capital and developmental expenditures, while external determinants include trade openness and real effective e...
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Online Access: | http://www.rejournal.eu/Portals/0/JE%2049/Khalid,%20Zaman.pdf |
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doaj-2f3611c922494da4bebf74edf5b4db0a2020-11-24T21:43:17ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562013-09-01XVI497390Internal and External Determinants of Economic Growth: A closer look at Pakistan’s EconomyMuhammad JamilRao Muhammad AtifKhalid ZamanThis study aims to investigate the impact of internal and external determinants of economic growth on the economic growth of Pakistan. Major internal determinants include stock of physical capital and developmental expenditures, while external determinants include trade openness and real effective exchange rate. In doing so, study utilizes the annual time series data from 1972 to 2011. Advanced Autoregressive Distributed Lag model (ARDL) approach has been employed for co-integration and error correction model (ECM) for short-run results. Empirical investigations indicate that developmental expenditures, physical capital and trade openness are positively correlated with economic growth in long run, while real effective exchange rate negatively and significantly affect economic growth in long run in case of Pakistan. http://www.rejournal.eu/Portals/0/JE%2049/Khalid,%20Zaman.pdfEconomic growthtrade opennessreal effective exchange ratecointegrationPakistan |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Muhammad Jamil Rao Muhammad Atif Khalid Zaman |
spellingShingle |
Muhammad Jamil Rao Muhammad Atif Khalid Zaman Internal and External Determinants of Economic Growth: A closer look at Pakistan’s Economy Romanian Economic Journal Economic growth trade openness real effective exchange rate cointegration Pakistan |
author_facet |
Muhammad Jamil Rao Muhammad Atif Khalid Zaman |
author_sort |
Muhammad Jamil |
title |
Internal and External Determinants of Economic Growth: A closer look at Pakistan’s Economy |
title_short |
Internal and External Determinants of Economic Growth: A closer look at Pakistan’s Economy |
title_full |
Internal and External Determinants of Economic Growth: A closer look at Pakistan’s Economy |
title_fullStr |
Internal and External Determinants of Economic Growth: A closer look at Pakistan’s Economy |
title_full_unstemmed |
Internal and External Determinants of Economic Growth: A closer look at Pakistan’s Economy |
title_sort |
internal and external determinants of economic growth: a closer look at pakistan’s economy |
publisher |
Editura ASE Bucuresti |
series |
Romanian Economic Journal |
issn |
1454-4296 2286-2056 |
publishDate |
2013-09-01 |
description |
This study aims to investigate the impact of internal and external determinants of economic growth on the economic growth of Pakistan. Major internal determinants include stock of physical capital and developmental expenditures, while external determinants include trade openness and real effective exchange rate. In doing so, study utilizes the annual time series data from 1972 to 2011. Advanced Autoregressive Distributed Lag model (ARDL) approach has been employed for co-integration and error correction model (ECM) for short-run results. Empirical investigations indicate that developmental expenditures, physical capital and trade openness are positively correlated with economic growth in long run, while real effective exchange rate negatively and significantly affect economic growth in long run in case of Pakistan. |
topic |
Economic growth trade openness real effective exchange rate cointegration Pakistan |
url |
http://www.rejournal.eu/Portals/0/JE%2049/Khalid,%20Zaman.pdf |
work_keys_str_mv |
AT muhammadjamil internalandexternaldeterminantsofeconomicgrowthacloserlookatpakistanseconomy AT raomuhammadatif internalandexternaldeterminantsofeconomicgrowthacloserlookatpakistanseconomy AT khalidzaman internalandexternaldeterminantsofeconomicgrowthacloserlookatpakistanseconomy |
_version_ |
1725914368205389824 |