Response of Pakistan’s economic growth to macroeconomic variables: an asymmetric analysis
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
Response of Pakistan’s economic growth to macroeconomic variables: an asymmetric analysis
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| Автор |
Sohail, H. M.
Ullah, M. Sohag, K. Rehman, F. U. |
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| Тематика |
ECONOMIC GROWTH
PAKISTAN SUSTAINABLE DEVELOPMENT GOAL INDEXES TIME SERIES ANALYSIS VECM, NARDL ECONOMIC GROWTH EDUCATION FOREIGN DIRECT INVESTMENT INFRASTRUCTURE PLANNING SUSTAINABLE DEVELOPMENT TIME SERIES ANALYSIS PAKISTAN CARBON DIOXIDE ECONOMIC DEVELOPMENT EDUCATIONAL STATUS INVESTMENT PAKISTAN CARBON DIOXIDE ECONOMIC DEVELOPMENT EDUCATIONAL STATUS INVESTMENTS PAKISTAN |
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| Описание |
This study examines the impact of several important macroeconomic variables such as quality of education, infrastructure development, foreign direct investment inflow, and green energy transitions on economic growth. We analyzed annual time series data sample for estimation of the above macroeconomic indicators during 1990 to 2020. We use nonlinear auto-regressive distributive lag model (NARDL) approach to detect the short-term and long-term effects of undermentioned macroeconomic variables on economic growth of Pakistan. The results primarily reveal that the quality education, foreign direct investment inflow, and infrastructure development are playing a significant positive role in the economic growth of Pakistan. Similarly, in short term the foreign direct investment inflow, infrastructure, and green energy transition coefficients are significantly positive related to sustainable development goals. However, the education found as unsubstantial as contributive as other variables. Moreover, the Granger causality and structural break estimations are employed to estimate the causal association between the selected parameters and unexpected change over the economy. The estimated outcomes find the unidirectional causality from education and green energy transition towards economic growth, where education is found within relation to infrastructure. Additionally, bidirectional causal relationship is found between FDI and infrastructure towards economic growth which shows that the increase in foreign investment has the potential to boost the economic growth. Finally, all the estimated indexes are considered as important sources towards the economic growth. © 2022, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
National Office for Philosophy and Social Sciences, NPOPSS; National Social Science Fund of China, NSSFC: ZD184 This paper was supported by the National Social Science Foundation of China (21&ZD184). |
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| Дата |
2024-04-05T16:20:18Z
2024-04-05T16:20:18Z 2023 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) |info:eu-repo/semantics/publishedVersion |
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| Идентификатор |
Sohail, HM, Ullah, M, Sohag, K & Rehman, FU 2023, 'Response of Pakistan’s economic growth to macroeconomic variables: an asymmetric analysis', Environmental Science and Pollution Research, Том. 30, № 13, стр. 36557-36572. https://doi.org/10.1007/s11356-022-24677-z
Sohail, H. M., Ullah, M., Sohag, K., & Rehman, F. U. (2023). Response of Pakistan’s economic growth to macroeconomic variables: an asymmetric analysis. Environmental Science and Pollution Research, 30(13), 36557-36572. https://doi.org/10.1007/s11356-022-24677-z 0944-1344 Final All Open Access, Bronze, Green https://www.scopus.com/inward/record.uri?eid=2-s2.0-85144740505&doi=10.1007%2fs11356-022-24677-z&partnerID=40&md5=23699dade2ef7bffd1ad7b9af013de2b https://link.springer.com/content/pdf/10.1007/s11356-022-24677-z.pdf http://elar.urfu.ru/handle/10995/130426 10.1007/s11356-022-24677-z 85144740505 000903263100005 |
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| Язык |
en
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| Права |
Open access (info:eu-repo/semantics/openAccess)
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| Формат |
application/pdf
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| Издатель |
Springer Science and Business Media Deutschland GmbH
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| Источник |
Environmental Science and Pollution Research
Environmental Science and Pollution Research |
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