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Role of Savings in Economic Growth of Pakistan

Author

Listed:
  • Abbas Ali Chandio
  • Feng Wei
  • Jiang Yuansheng

Abstract

This empirical study aims to examine the relationship between savings and economic growth of Pakistan over the period 1977-2013. Using the autoregressive distributed lag (ARDL) approach to co-integration, the results show that the empirical evidence strongly suggests that domestic savings played important role in economic growth and development of Pakistan in the long-run. The long-run and short-run elasticity of savings are estimated to be 3.072 and 2.071 respectively. Thus, domestic saving is positively and significantly associated to growth in Pakistan.

Suggested Citation

  • Abbas Ali Chandio & Feng Wei & Jiang Yuansheng, 2015. "Role of Savings in Economic Growth of Pakistan," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 5(12), pages 243-251.
    • Handle: RePEc:asi:ajoerj:v:5:y:2015:i:12:p:243-251:id:3872
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