메뉴 건너뛰기
.. 내서재 .. 알림
소속 기관/학교 인증
인증하면 논문, 학술자료 등을  무료로 열람할 수 있어요.
한국대학교, 누리자동차, 시립도서관 등 나의 기관을 확인해보세요
(국내 대학 90% 이상 구독 중)
로그인 회원가입 고객센터 ENG
주제분류
인문학
인문학 일반 역사학 철학 종교학 어문학 기타 인문학
사회과학
사회과학 일반 경영학 관광학 교육학 군사학 문헌정보학 법학 사회학 신문방송학 심리과학 정치외교학 지리학 행정학 경제학 무역학 인류학 기타 사회과학
자연과학
자연과학 일반 물리학 생물학 생활과학 수학·통계학 천문학 지구과학 화학 기타 자연과학
공학
공학 일반 건축공학 기계공학 산업공학 재료·에너지공학 전기전자공학 조선해양공학 화학공학 컴퓨터학 기타공학
의약학
의학 일반 간호학 수의학 약학 한의학 기초의학 임상의학 기타 의약학
농수해양학
농수해양학 일반 농학 수산학 식품과학 임학 축산학 해상운송학 기타 농수해양학
예술체육학
예술 일반 디자인 미술 미용 사진 음악학 의상 체육 공연매체예술 기타 예술체육학
복합학
학제간연구 과학기술학 뇌인지과학 기술정책 기타 복합학

ENG

추천
검색

논문 기본 정보

자료유형
학술저널
저자정보
Majid Jehangir (Changwon National University Republic of Kore) Sunhae Lee (Changwon National University) Sae Woon Park (Changwon National University)
저널정보
사람과세계경영학회 Global Business and Finance Review Global Business and Finance Review Vol.25 No.2
발행연도
2020.1
수록면
19 - 36 (18page)

이용수

표지
📌
연구주제
📖
연구배경
🔬
연구방법
🏆
연구결과
AI에게 요청하기
추천
검색

초록· 키워드

오류제보하기
Purpose: This study investigates the effect of foreign direct investment on the economic growth of Pakistan. It also explores the role and contribution of various variables in the growth of the country’s economy. Design/methodology/approach: This study examines both the long run and the short run relationship between the variables over the period 1974 - 2018 by the Auto-Regressive Distributed Lag approach. Findings: We find that in the long run, FDI, gross fixed capital formation and labor force participation have positive effect on the economic growth, whereas military expenditures have negative effect. In the short run model, however, gross fixed capital formation was indicative of having a significantly negative relationship with the economic growth while variables such as FDI, military expenditures and labor force participation were found to have positive impact. Inflation turned out to be significant but negative in both of the models while final consumption expenditure showed insignificance in both of the models. Research limitations/implications: Notwithstanding its contribution to the literature, this study has limitations as well. Apart from those measures adopted in this research, there are also other important measures necessary for a country’s economic growth such as skilled labor, work environment, infrastructure, security, technology, and so on. Yet, due to the lack or unavailability of reliable data source, we have not included these valuables in our research. If incorporated in the analysis, these measures may provide more accurate results. Pakistan is a country where military engages in various business activities such as operating department stores, military schools, universities, and hospitals and as well as constructing roads and buildings. Thus such services and contributions of the military, if studied thoroughly, may provide better statistics regarding inward FDI and its contribution towards economic growth of the country. As a policy implication, this study suggests that the Pakistani government should focus on the necessary reforms to attract more FDI, since a low-capital country like Pakistan cannot underestimate the significance of FDI for a sustainable growth. Further researches may be conducted with a focus on the growth-investment possibilities of China Pakistan Economic Corridor. Studies can also be conducted which incorporate agricultural sectors, public and private investments, trust (between land/firm owners and labor) and the existing work/business environment in order to investigate the determinants of economic development of the country. Originality/Value: To the best of our knowledge, there is only one study by Nilofer & Qayyum (2018) that uses the ARDL model to investigate the impact of FDI on economic growth of Pakistan. While they analyzed the variables including GDP, government consumption expenditure, public investment, FDI and lending rate, our study involves military expenditure, labor force participation, final consumption expenditure, gross fixed capital formation, inflation, and FDI. Also, we investigate the role of FDI on economic growth of Pakistan for a different time period 1974 to 2018 as compared to their study over the period 1970 - 2015.
#ARDL #Economic Growth #FDI #Pakistan

목차

등록된 정보가 없습니다.

참고문헌 (78)

참고문헌 신청
Ahmad, M. H. / 2002 / Foreign capital inflows and domestic savings in Pakistan : cointegration techniques and error correction modeling / The Pakistan Development Review 41(4):825~836 google schola Ajose, K. / 2018 / Capital formation and economic growth in Nigeria / Accounting and Taxation Review 2(2):131~142 google schola Akram, M. M. / 2014 / Dynamic role of zakat in alleviating poverty : a case study of Pakistan / Research Journal Social Sciences 1:1~25 google schola Alexiou, C. / 2007 / Foreign direct investmentled growth hypothesis : evidence from the Greek economy / Zagreb International Review of Economics & Business 1:85~97 google schola Ali, H. / 2017 / How terrorism affects foreign direct investment in Pakistan / International Journal of Economics and Financial Issues 7(3):625~631 google schola

함께 읽어보면 좋을 논문

논문 유사도에 따라 DBpia 가 추천하는 논문입니다. 함께 보면 좋을 연관 논문을 확인해보세요!

이 논문의 저자 정보

최근 본 자료

전체보기

댓글(0)

0