IDEAS home Printed from https://ideas.repec.org/a/rfh/bbejor/v12y2023i3p716-721.html
   My bibliography  Save this article

Impact of Oil Price and Exchange Rate on Economic Growth of Pakistan

Author

Listed:
  • Rafia

    (Ph.D Scholar (Economics), The Islamia University of Bahawalpur, Pakistan)

  • Iqra Hayat

    (Visiting Lecturer, University of Layyah, Pakistan)

  • Muhammad Nadir

    (Assistant Professor, Government College University Faisalabad, Layyah Campus, Pakistan)

Abstract

The primary goal of this study was to investigate how oil price and exchange rate effect the economic growth of Pakistan from 1992 to 2021. The rising oil prices are the major concern for all the developing economies and Pakistan is suffering from it. The unit root test, correlation test, bound test was used to examine the economic trend. The result from multiple linear regression model describe that there is short run and long run relationship between the variables. It indicates that there is a positive impact of oil price on economic growth. The countries like Pakistan who are oil importers should purchase crude oil on less prices.

Suggested Citation

  • Rafia & Iqra Hayat & Muhammad Nadir, 2023. "Impact of Oil Price and Exchange Rate on Economic Growth of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 716-721.
    • Handle: RePEc:rfh:bbejor:v:12:y:2023:i:3:p:716-721
    DOI: https://doi.org/10.61506/01.00110
    as

    Download full text from publisher

    File URL: https://bbejournal.com/BBE/article/view/603
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.61506/01.00110?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfh:bbejor:v:12:y:2023:i:3:p:716-721. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Muhammad Irfan Chani (email available below). General contact details of provider: https://edirc.repec.org/data/rffhlpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.