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EXPLORING THE FACTORS AFFECTING ECONOMIC GROWTH IN PAKISTAN

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43 Pages : 400-409

http://dx.doi.org/10.31703/gssr.2020(V-III).43      10.31703/gssr.2020(V-III).43      Published : Sep 2020

Exploring the Factors Affecting Economic Growth in Pakistan

Abstract

    Economic growth varies across different countries. Various potential factors have been identified over the years, but finding relevant determinants of growth has been a real issue for empirical investigation. This paper has attempted to examine different macro-economic variables that play a significant role in accelerating economic growth from 1970 to 2019. The econometric results show that human capital, financial development, and industrial production are the encouraging factors of economic growth, while the variable trade openness shows a negative effect on economic growth in Pakistan. Government should design policies to invest inhuman capital and fixed assets; this will create job opportunities for the people and leads to high economic growth.

    (1) Salyha Zulfiqar Ali Shah
    Assistant Professor, School of Economics, Bahauddin Zakariya University Multan, Punjab, Pakistan.
    (2) Muhammad Muzammil Asghar
    Crop Reporter, Crop Reporting Service, District Multan, Punjab, Pakistan.
    (3) Umber Riaz
    Ph.D. Scholar, Institute of Social and Cultural Studies, Bahauddin Zakariya University Multan, Punjab, Pakistan.
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Cite this article

APA

CHICAGO

    CHICAGO : Shah, Salyha Zulfiqar Ali, Muhammad Muzammil Asghar, and Umber Riaz. 2020. "Exploring the Factors Affecting Economic Growth in Pakistan." Global Social Sciences Review, V (III): 400-409 doi: 10.31703/gssr.2020(V-III).43

HARVARD

    HARVARD : SHAH, S. Z. A., ASGHAR, M. M. & RIAZ, U. 2020. Exploring the Factors Affecting Economic Growth in Pakistan. Global Social Sciences Review, V, 400-409.

MHRA

    MHRA : Shah, Salyha Zulfiqar Ali, Muhammad Muzammil Asghar, and Umber Riaz. 2020. "Exploring the Factors Affecting Economic Growth in Pakistan." Global Social Sciences Review, V: 400-409

MLA

    MLA : Shah, Salyha Zulfiqar Ali, Muhammad Muzammil Asghar, and Umber Riaz. "Exploring the Factors Affecting Economic Growth in Pakistan." Global Social Sciences Review, V.III (2020): 400-409 Print.

OXFORD

    OXFORD : Shah, Salyha Zulfiqar Ali, Asghar, Muhammad Muzammil, and Riaz, Umber (2020), "Exploring the Factors Affecting Economic Growth in Pakistan", Global Social Sciences Review, V (III), 400-409

TURABIAN

    TURABIAN : Shah, Salyha Zulfiqar Ali, Muhammad Muzammil Asghar, and Umber Riaz. "Exploring the Factors Affecting Economic Growth in Pakistan." Global Social Sciences Review V, no. III (2020): 400-409. https://doi.org/10.31703/gssr.2020(V-III).43