Factors Determining the Economic Growth of Pakistan: A Descriptive Analysis
Download| Volume 3 Issue 2 2022 | |
|---|---|
| Author(s): |
Ahsan-ul-Haque Shaikh
Sabir Ali Birhmani
Ali Raza
Saddam Ali Balal
Hina Shaikh
|
| Abstract | The present research endeavor is to find the factors determining the economic growth of Pakistan. The research is purely quantitative and used secondary data from Pakistan's economy covering the span from 1970 to 2018. About 49 years of data sampling has been taken to conduct the research. The dependent variable that is taken in this study is gross domestic product (GDP), and independent variables are foreign direct investment (FDI), consumer price index (CPI), external debt (ED), and population growth (PG) to conduct the research. The annual data of these variables are taken from the World Bank site.The study reveals that the consumer price index is highly correlated with economic growth as compared to foreign direct investment and population growth. Meanwhile, only the external debt shows a negative correlation with economic growth measured in the gross domestic product (GDP). From data knowledge, the study indicates that the external debt null hypothesis is not proved, the alternative hypothesis leads, and FDI, CPI, and PG proved the null hypothesis. |
| Keywords | Foreign Direct Investment, Consumer Price Index, External debt, Population Growth. |
| Year | 2022 |
| Volume | 3 |
| Issue | 2 |
| Type | Research paper, manuscript, article |
| Recognized by | Higher Education Commission of Pakistan, HEC | Category | "Y" | Journal Name | ILMA Journal of Social Sciences & Economics | Publisher Name | ILMA University | Jel Classification | - | DOI | http://dx.doi.org/ | ISSN no (E, Electronic) | 2790-5896 | ISSN no (P, Print) | 2709-2232 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | http://ijsse.ilmauniversity.edu.pk/arc/Vol3/pdf/v2/8.pdf | Page | - |