Role of Trade, External Debt, Labor Force and Education in Economic Growth: Empirical Evidence from Pakistan by Using ARDL Approach
Year: 2008
Type: preprint
Abstract: This paper examines the determinants of economic growth for Pakistan over a period of 1975-2005, using Autoregressive Regressive Distributed Lag (ARDL) approach to Cointegration. The relation ship between economic growth, trade, external debt, labor force and education has been discussed in long term and short term. And it is found that labor force and trade have significant impact on economic growth whereas external debt has no association with economic growth in long term or short term indicating that it has not been used efficiently and productively. An appropriate policy to educate and develop the human resources of the country coupled with export oriented policies can help in accelerating the process of economic development and growth and that in turn can have multidimensional positive effects on the economy and economic conditions of common man.
Source: SSRN Electronic Journal
Authors: Safdar Ali Butt, Arshad Hassan
Institution: Capital University of Science and Technology
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W211322189