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MACROECONOMIC FACTORS DETERMINING THE GROWTH OF PAKISTAN

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03 Pages : 28-41

http://dx.doi.org/10.31703/ger.2021(VI-IV).03      10.31703/ger.2021(VI-IV).03      Published : Dec 2021

Macroeconomic Factors Determining the Growth of Pakistan....

Abstract

    This study attempts to explore the relation of External Debt, Terms of Trade, Education,Military expenditures, Consumer Price Index, and Gross Domestic Production of Pakistan throughout 1997-2019. To estimate the targeted objectives of this research Auto Regressive Distributive Lags (ARDL) technique was used. The results revealed some facts that Military expenditures an deducation were essential to achieve the goal of the high growth rate of the economy in the form of Gross Domestic Production.So policymakers should adopt strong strategies. Education should be as skilled and technical as possible and produce military equipment to save foreign exchange. CPI, TOT, andExd should be properly regulated because of their negative impact on GDP. CPI affects the people, so fiscal policy should be adopted. Without external debt, governments feel helpless,so breaking this trap is essential for dignity and development.The model has a dampening convergence towards equilibrium

    Economic Growth, Macroeconomic Variables, ARDL

    (1) Nighat Hanif
    MPhil Scholar, Government College University Faisalabad, Punjab, Pakistan
    (2) Irfan Hussain Khan
    Ph.D. Scholar, Government College University Faisalabad, Punjab, Pakistan.
    (3) Faisal Shahzad
    Ex-MPhil Scholar, Federal Urdu University of Arts, Sciences and Technology, Islamabad, Pakistan.
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Cite this article

APA

CHICAGO

    CHICAGO : Hanif, Nighat, Irfan Hussain Khan, and Faisal Shahzad. 2021. "Macroeconomic Factors Determining the Growth of Pakistan....." Global Economics Review, VI (IV): 28-41 doi: 10.31703/ger.2021(VI-IV).03

HARVARD

    HARVARD : HANIF, N., KHAN, I. H. & SHAHZAD, F. 2021. Macroeconomic Factors Determining the Growth of Pakistan..... Global Economics Review, VI, 28-41.

MHRA

    MHRA : Hanif, Nighat, Irfan Hussain Khan, and Faisal Shahzad. 2021. "Macroeconomic Factors Determining the Growth of Pakistan....." Global Economics Review, VI: 28-41

MLA

    MLA : Hanif, Nighat, Irfan Hussain Khan, and Faisal Shahzad. "Macroeconomic Factors Determining the Growth of Pakistan....." Global Economics Review, VI.IV (2021): 28-41 Print.

OXFORD

    OXFORD : Hanif, Nighat, Khan, Irfan Hussain, and Shahzad, Faisal (2021), "Macroeconomic Factors Determining the Growth of Pakistan....", Global Economics Review, VI (IV), 28-41

TURABIAN

    TURABIAN : Hanif, Nighat, Irfan Hussain Khan, and Faisal Shahzad. "Macroeconomic Factors Determining the Growth of Pakistan....." Global Economics Review VI, no. IV (2021): 28-41. https://doi.org/10.31703/ger.2021(VI-IV).03