Volume 37, Number 4
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Science, Technology and Development Vol. 37 (2), 2018
Research Article
Determinants of Economic Growth: An Evidence from Pakistan
Iqbal Javed, Ghulam Mustafa, Rizwana Yasmeen and Haroon Javaid
Abstract: Current research involved the use of different variables about gross domestic product (GDP), population, inflation, education spending, foreign direct investment, imports, exports and exchange rates to estimate the impact on economic growth. After solving the problem of stationarity and multicollinearity, the time series data was used from 1975-2015 in the analysis. The impact of population and imports was found positive and highly significant, while the impact of inflation and democracy was found significant and negative on the economic growth of Pakistan. The impact of education spending, foreign direct investment (FDI), exports and exchange rates are non-significant.
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