Revisiting the Nexus between Economic Policy Uncertainty, Financial Development, and FDI Inflows in Pakistan during Covid-19: Does Clean Energy Matter?

Ayesha Serfraz, Md. Qamruzzaman and Salma Karim
Additional contact information
Ayesha Serfraz: Assistant Professor, Institute of Administrative Sciences, University of the Punjab, Lahore, Pakistan,
Md. Qamruzzaman: School of Business and Economics, United International University, Bangladesh,
Salma Karim: School of Business and Economics, United International University, Dhaka, Bangladesh.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 4, 91-101

Abstract: The significance of FDI for economic progress has been well established, especially for developing nations; conversely, the critical role of macro determinants has also been explained in attracting FDI. the motivation of the study is to assess the impact of economic policy uncertainty, financial development and clean energy on FDI in Pakistan economy. the study employed several econometric tools in assessing and documenting the elasticities of EPU, FD and CE in the process of amplifying the inflows of FDI in Pakistan. According to the study findings, it is apparent that financial development and clean energy positively affect FDI, while the effects of EPU are established as adversely connected to FDI. Study findings suggest, in Pakistan, for attracting and targeting the continual inflows of FDI, it is imperative to offer economic sustainability and efficient financial intermediation.

Keywords: Financial development; EEconomic Policy uncertainty; Clean Energy; FDI; ARDL (search for similar items in EconPapers)
JEL-codes: E26 O57 Q13 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/14360/7378 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/14360 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-04-11

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().