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Investigating The Effect Of Foreign Direct Investment (Fdi) And Foreign Remittances On Economic Growth In Pakistan (1990-2018): A Time Series Analysis Using Ardl Model Approach

Author

Listed:
  • SHAKIL AHMAD

    (Department of Economics Abdul Wali Khan University Timergara Campus, KPK, Pakistan)

  • MUHAMMAD WAQAS KHAN

    (University of Malakand, Chakdara, KPK, Pakistan.)

Abstract

This study is conducted to find the effect of foreign remittances, foreign direct investment (FDI) on economic growth in Pakistan. Time series data is used which is covering from 1990 to 2018, collected from the world development indicator data bank. ARDL bound test is used in which GDP is dependent variable while foreign remittance and foreign direct investment (FDI) are independent variables. The form the Auto Regressive Distribution Lag (ARDL) model suggest that there is long run relationship between FDI, foreign remittance and economic growth of Pakistan.

Suggested Citation

  • Shakil Ahmad & Muhammad Waqas Khan, 2021. "Investigating The Effect Of Foreign Direct Investment (Fdi) And Foreign Remittances On Economic Growth In Pakistan (1990-2018): A Time Series Analysis Using Ardl Model Approach," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 10(3), pages 1-7, September.
    • Handle: RePEc:rfh:bbejor:v:10:y:2021:i:3:p:1-7
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    References listed on IDEAS

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    1. Ahmad, Shakil & Khan, Imran, 2022. "The impact of globalization, foreign direct investment and trade openness on poverty: a case study of Pakistan," Economic Consultant, Roman I. Ostapenko, vol. 37(1), pages 41-60.

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    More about this item

    Keywords

    Foreign Direct Investment (FDI); Foreign Remittances; Economic Growth;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances

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