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CONCESSIONAL DEBT AND GROWTH IN SERVICES SECTOR OF PAKISTAN

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22 Pages : 215-223

http://dx.doi.org/10.31703/gssr.2021(VI-II).22      10.31703/gssr.2021(VI-II).22      Published : Jun 2

Concessional Debt and Growth in Services Sector of Pakistan

Abstract

    The current study aims to explore the relationship between concessional debt and the services sector growth of Pakistan. The annual time series data for the period 1972 to 2019 has been employed. To find out the stationarity and order of integration, the ADF testis utilized. For the long-run relationship, Johansen's co-integration methodology is employed. The empirical results of the study manifest that growth in the services sector is sensitive to concessional debt in the long run. All other explanatory variables also demonstrated a positive and significant effect on services sector growth. VECM method is applied for short-run analysis. The lag of concessional debt is also positive in the short run. A negative and statistically significant lag of error correction term (ECT-1) reasserts the long-run relationship between services sector growth and concessional debt along with other explanatory variables.

    Concessional Debt, Services Sector, Time Series, Pakistan

    (1) Muhammad Abdullah
    Assistant Professor, Department of Economics, University of Sahiwal, Sahiwal, Punjab, Pakistan.
    (2) Ayza Shoukat
    Lecturer, Department of Economics, University of Sahiwal, Sahiwal, Punjab, Pakistan
    (3) Atif Ali Gill
    Lecturer, Department of Business Administration, University of Sahiwal, Sahiwal, Punjab, Pakistan
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Cite this article

APA

CHICAGO

    CHICAGO : Abdullah, Muhammad, Ayza Shoukat, and Atif Ali Gill. 2021. "Concessional Debt and Growth in Services Sector of Pakistan." Global Social Sciences Review, VI (II): 215-223 doi: 10.31703/gssr.2021(VI-II).22

HARVARD

    HARVARD : ABDULLAH, M., SHOUKAT, A. & GILL, A. A. 2021. Concessional Debt and Growth in Services Sector of Pakistan. Global Social Sciences Review, VI, 215-223.

MHRA

    MHRA : Abdullah, Muhammad, Ayza Shoukat, and Atif Ali Gill. 2021. "Concessional Debt and Growth in Services Sector of Pakistan." Global Social Sciences Review, VI: 215-223

MLA

    MLA : Abdullah, Muhammad, Ayza Shoukat, and Atif Ali Gill. "Concessional Debt and Growth in Services Sector of Pakistan." Global Social Sciences Review, VI.II (2021): 215-223 Print.

OXFORD

    OXFORD : Abdullah, Muhammad, Shoukat, Ayza, and Gill, Atif Ali (2021), "Concessional Debt and Growth in Services Sector of Pakistan", Global Social Sciences Review, VI (II), 215-223

TURABIAN

    TURABIAN : Abdullah, Muhammad, Ayza Shoukat, and Atif Ali Gill. "Concessional Debt and Growth in Services Sector of Pakistan." Global Social Sciences Review VI, no. II (2021): 215-223. https://doi.org/10.31703/gssr.2021(VI-II).22