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  • 标题:A Study on Influence of Domestic Investment on the Economic Growth during 1980-2016
  • 本地全文:下载
  • 作者:Muhammad Saleem ; Rummana Zaheer
  • 期刊名称:Journal of Global Economics
  • 电子版ISSN:2375-4389
  • 出版年度:2018
  • 卷号:6
  • 期号:3
  • 页码:1-5
  • DOI:10.4172/2375-4389.1000302
  • 语种:English
  • 出版社:OMICS International
  • 摘要:Domestic investment performs a significant role to influence the economic growth in the society of Pakistan. The enhancement of economic development depends on domestic investment of the society. Labor force and investment show the productivity of an economy. Secondary data has been accumulated from the World Development Indicators (WDI) during of 1980 to 2016 to trace out the effect of the domestic investment on economic growth. The stationarity of data of domestic investment, exports, labor force, and economic growth are examined by applying Augment Dicky Fuller (ADF) test. Moreover, Johansen Co-integration test is used to determine the long-run association between domestic investment and economic growth. Error Correction Model (ECM) test was employed to scrutinize the short-run relationship between economic growth and domestic investment. The findings showed that exports positively influence on economic growth. Besides this, domestic investment and labor force negatively affect the economic growth. So, due to lack of skilled labor force and deficiency of proper investment, the share of the labor force and domestic investment have an insignificant impact on the economic growth in the society.
  • 关键词:Domestic investment; Economic growth; Co-integration; ECM; Labor force; Exports
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