Growth Effects of Foreign Capital in Pakistan: An Empirical Investigation
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 10
Abstract
This paper employed the regression analysis of Augumented Dickey Fuller (ADF) unit root test, Phillips-Perron (PP) unit root test, Johansen Cointegration test, VECM model, variance decomposition and impulse response function to examine the growth effects of foreign capital in the form of foreign remittances, foreign direct investment (FDI) , official development assistance (ODA) and external debt in Pakistan over the period 1976 to 2014. The results reveal that among all these foreign capital flows only foreign remittances can significantly promote economic growth both in the short run and in the long run while ODA, FDI and external debt yield significant negative effects on economic growth in the long run. What this findings suggest is that the growth effects of foreign capital are very limited in Pakistan. Our result differs from many other studies in stressing the importance of remittances while highlighting the ineffectiveness in utilizing the other foreign capital flows in Pakistan
Authors and Affiliations
Yong Lin 1 ,, Jie Zhang 2
Keywords
Related Articles
- EP ID EP421674
- DOI -
- Views 53
- Downloads 0
Political Public Relations: Meaning, Importance and Analysis
Today all political organisation need to connect with the target public. They use to communicate in the old as well as new ways using political PR to influence their general public. Political PR includes the planning and...
Madame Curie: An Icon of Modern Science
This paper discusses the participation Marie Curie and her daughter in the development of chemistry. These two women developed surveys and participated actively in the dissemination of science, helping to establish it as...
Epistemological Shift of Madrasa Students in Bangladesh: A Multi-Level Analysis
This study explores the epistemological shift (ESHIFT) of madrasa students at secondary, higher secondary and tertiary level of education in Bangladesh. Using snowball sampling technique, madrasa students shifted to gene...
Self-concept and Teacher Effectiveness: A Study of Women Primary Teachers in Odisha
The study was designed to examine the relationships of the attributes of self-concept of the women teachers‟ with their effectiveness as teachers. Hundred college students including both boys and girls were participants...
The Recommendation of Applying the Profit Sharing Scheme in Mudharabah Outlaying At Syariah Bank in Indonesia
This research aimed for determining the profit sharing scheme which can be applied to mudharabah financing in Islamic banks with kinds of mudharabah fund implementation issues are moral hazard and adverse selection. Ther...