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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2010.1
- 수록면
- 207 - 231 (25page)
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This study explores the roles of foreign capital inflows and domestic financial sector development on economic growth in the case of Pakistan. Using annual data series of World Bank and Economic Survey of Pakistan over the period of 1971-2008, ARDL bounds testing approach to cointegration and Error Correction Model (ECM) are employed for long run and short run relationships,respectively. Empirical evidence reveals that foreign capital inflows have positive effect on economic growth. Financial sector’s development and public investment stimulate economic growth. Human capital stock and inflation also contribute to economic growth positively. The present study suggests that Pakistan government should undertake financial reforms to improve the efficiency of the domestic financial sector which will ultimately increase the rate of economic growth in the country.
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참고문헌 (27)
참고문헌 신청
Ahmad, H. / 2003 / Foreign Direct Investment, Exports and Domestic Output in Pakistan / The Pakistan Development Review 42 : 715 ~ 723
Aitken, B. / 1999 / Do Domestic Firms Benefit from Foreign Investment? Evidence from Venezuela / American Economic Review 89 : 605 ~ 618
Aitken, B.G. Hanson / 1997 / Foreign Investment, Export Behavior, and Spillovers / Journal of International Economics 43 : 103 ~ 132
Alfaro, L. / 2004 / FDI and Economic Growth: The Role of Local Financial Markets / Journal of International Economics 64 : 113 ~ 134
Alfaro, L. / 2006 / How Does Foreign Direct Investment Promote Economic Growth: Exploring the Effects of Financial Markets on Linkages
Aitken, B. / 1999 / Do Domestic Firms Benefit from Foreign Investment? Evidence from Venezuela / American Economic Review 89 : 605 ~ 618
Aitken, B.G. Hanson / 1997 / Foreign Investment, Export Behavior, and Spillovers / Journal of International Economics 43 : 103 ~ 132
Alfaro, L. / 2004 / FDI and Economic Growth: The Role of Local Financial Markets / Journal of International Economics 64 : 113 ~ 134
Alfaro, L. / 2006 / How Does Foreign Direct Investment Promote Economic Growth: Exploring the Effects of Financial Markets on Linkages
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