An Analysis of Global Integration and Economic Growth Nexus: Evidence from Pakistan

Authors

  • Anum Shoaib Abbasi School of Economics, Quaid-i-Azam University, Pakistan.
  • Zubia Hussain School of Economics, Quaid-i-Azam University, Pakistan.
  • Muhammad Tariq Majeed School of Economics, Quaid-i-Azam University, Pakistan.

DOI:

https://doi.org/10.55603/jes.v1i1.a4

Keywords:

Globalization, Economic Growth, Inflation, Physical Capital, Government spending, Pakistan, ARDL Bound Test

Abstract

The following research examines economic growth potential from the perspective of globalization for Pakistan. The empirical results are estimated using the ARDL model over the period 1970 to 2018. The study reports the time before and after the openness to the world. The country opened up its borders quite late in the 80s. The results demonstrate that, in the short term, globalization negatively affects economic growth, but that, in the long run, it boosts economic growth. Globalization has assisted Pakistan's economic progress since the country opened its borders and economy to the rest of the world, but not to too much extent, what it could. Furthermore, research findings demonstrate that government spending and physical capital improve economic growth, however, inflation has a detrimental impact on Pakistan's economic growth.

Author Biographies

Anum Shoaib Abbasi, School of Economics, Quaid-i-Azam University, Pakistan.

Researcher

Zubia Hussain, School of Economics, Quaid-i-Azam University, Pakistan.

PhD Economics

Muhammad Tariq Majeed, School of Economics, Quaid-i-Azam University, Pakistan.

Director

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Published

15-06-2022

How to Cite

Abbasi, A. S., Zubia Hussain, & Muhammad Tariq Majeed. (2022). An Analysis of Global Integration and Economic Growth Nexus: Evidence from Pakistan. Journal of Economic Sciences, 1(1), 48–60. https://doi.org/10.55603/jes.v1i1.a4