Testing the Reliability and Existence of IS-LM Model for Pakistan

Gulzar Ali, Said Zamin Shah and Ghulam Mustafa
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Gulzar Ali: Assistant Professor,Department of Economics,Islamia College Peshawar, KP, Pakistan.
Said Zamin Shah: Assistant Professor,Department of Economics,Islamia College Peshawar, KP, Pakistan.
Ghulam Mustafa: Assistant Professor,Department of Economics and Business Administration,Division of Arts and Social Sciences, University of Education, Lahore, Punjab Pakistan.

Global Economics Review, 2019, vol. 4, issue 2, 13-23

Abstract: The IS-LM model was considered indispensable and had great importance and recital for macroeconomic phenomenon at theoretical as well empirical analysis since 1960s. Now a days the applications of IS-LM model has been greatly restricted to few situations depicts losing the fame. However it has been a crucial part of the basic principles and manuscripts of macroeconomics long since 1960s. Observing the reliability and existence of IS-LM model in case of Pakistan, for that purpose the study regressed two model; in first the basic model without including the model parameters and in second, with model parameters. The empirical results found the reliability and existence of IS-LM model.

Keywords: IS-LM model; planned expenditure; Descriptive Statistics; ARDL approach. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aaw:journl:v:4:y:2019:i:2:p:13-23

DOI: 10.31703/ger.2019(IV-II).02

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