Macroeconomic Determinants of Economic Growth in Pakistan

Iqbal, Zamir; Zahid, G. M.

doi:10.30541/v37i2pp.125-148

Cited by 57 publications

(50 citation statements)

References 54 publications

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“…Iqbal and Zahid (1998) In the long run trade openness and financial development reforms play a vital role in promoting economic growth Khan and Qayyum (2006). But, the short run response to real deposit rate and trade policy is low, suggesting the need for accelerating the reform process.…”

Section: Literature Review: Trade and Growth In Pakistanmentioning

confidence: 99%

Economic Liberalization and Economic Growth: An Empirical Analysis of Pakistan

Hye

Lau

2017

Asian Economic and Financial Review

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Section: Literature Review: Trade and Growth In Pakistanmentioning

confidence: 99%

Economic Liberalization and Economic Growth: An Empirical Analysis of Pakistan

Hye

Lau

2017

Asian Economic and Financial Review

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“…Over the past two decades, the issue of the efficacy of fiscal policy in affecting economic growth is a topic of great concern among the researchers and academia. Barro (1990Barro ( , 1991, Romer (1989), Sala-i-Martin (1997), Khalid et al (2007), Ahmed (1994), Burney and Yasmeen (1989), Iqbal (1994Iqbal ( , 1995, Iqbal and Zahid (1998), Shabbir and Mahmood (1992) and Khilji and Mahmood (1997) investigated the effectiveness of fiscal policy in affecting economic growth.…”

Section: Introductionmentioning

confidence: 99%

The composition of public expenditures and economic growth: evidence from Pakistan

Rabbi

Hayat²,

Ali

2013

Int J of Social Economics

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -This study is an attempt to examine the role of sub categories of government expenditures under democratic and military regimes in Pakistan for the period of 1972-2009. Design/methodology/approach -This study exercised autoregressive distributed lag (ARDL) model. Findings -The results show that contractionary fiscal expansion occurs in Pakistan. Moreover, the coefficient of development expenditure positively affects economic growth. It supports the public capital hypothesis that states that public and private investments are complements to each other. The results also show that current expenditure does not contribute to economic growth. Practical implications -The study recommends that for the purpose of macroeconomic stability, government should reduce its unproductive expenditure and should enhance its resource mobilization. Originality/value -This study is an attempt to examine the dynamic relationship between the composition of government expenditures and economic growth for Pakistan over the period of 1972-2009. The work is different from already existing literature in Pakistan. The authors' investigated the impact of different categories of government expenditures on economic growth, which has not been studied previously. Moreover, this study included a set of control variables by performing sensitivity analysis which is a significant contribution to the existing literature.

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“…The trade ratio (exports plus imports divided by GDP) is found to have a positive impact on GDP growth (Din, Ghani, & Siddique, 2003;Iqbal, 1993;Iqbal & Zahid, 1998;M. A. Khan & Qayyum, 2007).…”

Section: Dependency and Pakistan: The Debatementioning

confidence: 97%

Pakistan, Growth, Dependency, and Crisis

McCartney¹

2011

LJE

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Compared to the historical and even contemporary experience of India, Pakistan has long been regarded as a "dependent" economy. Gross domestic product growth in Pakistan is typically argued to be contingent on external factors: trade, financial flows, and the interdependence of asset markets. Beyond the rhetoric, there is only ambiguous and contradictory empirical evidence to support this view. This paper offers a new methodology, that of case studies of growth and stagnation, to test the hypothesis of dependency. The results show that growth in Pakistan is influenced by external factors, but that growth is driven primarily by the dynamics of the domestic economy.

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Macroeconomic Determinants of Economic Growth in Pakistan

Cited by 57 publications

References 54 publications

Economic Liberalization and Economic Growth: An Empirical Analysis of Pakistan

Economic Liberalization and Economic Growth: An Empirical Analysis of Pakistan

The composition of public expenditures and economic growth: evidence from Pakistan

Pakistan, Growth, Dependency, and Crisis

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