Physical infrastructure and economic development in Pakistan

Sajjad Ahmad Jan, Muhammad Chani, Zahid Pervaiz and Amatul R. Chaudhary

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims to investigate the relationship between physical infrastructure and economic development of Pakistan. A composite index of physical infrastructure has been constructed through Principal Component Analysis. This has been done by taking into account three different dimensions of infrastructure i.e. transportation infrastructure, energy infrastructure, and telecommunication infrastructure. Johansen Co-integration Technique has been applied to confirm the existence of co-integration among the variables of our interest. The empirical analysis shows that co-integration exists among the variables of economic development, employed labour force, gross private fixed capital formation and physical infrastructure. The variables of employed labour force, gross private fixed capital formation and physical infrastructure have statistically significant and positive effect on economic development of Pakistan.

Keywords: Infrastructure; Economic Growth; Poverty; Economic Development; Investment; Labour (search for similar items in EconPapers)
JEL-codes: D92 F43 H54 O40 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-cwa and nep-tre
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Citations: View citations in EconPapers (7)

Published in Middle-East Journal of Scientific Research 2.11(2012): pp. 216-220

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37785

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