Measuring the Impact of Industrialization and Financial Development on Water Resources: A Case Study of Pakistan

Khalid Zaman (), Muhammad Mushtaq Khan and Mehboob Ahmad
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Muhammad Mushtaq Khan: COMSATS Institute of Information Technology, Abbottabad campus, Pakistan
Mehboob Ahmad: Foundation University, New Lalazar, Rawalpindi Cantt, Pakistan

Economia. Seria Management, 2011, vol. 14, issue 1, 222-235

Abstract: The objective of the study examines the impact of industrialization and financial development on water resources, in the specific context of Pakistan. Data set from 1975-2009 are taken for time series analysis. The result reveals that economic growth positively linked with the water resource, as water plays a pivotal role in the economic development of a country. Thus limiting this resource would affect the process of economic growth. Industrial processes have a negative environmental impact which causing water pollution. Financial development has an indirect effect on water consumption, as it shows that private firms finds more funding opportunities in a country, therefore, avoid dirty industry game.

Keywords: Economics growth; financial development; industrialization; water resource; cointegration; bonds test; Pakistan. (search for similar items in EconPapers)
JEL-codes: C32 O14 Q25 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:14:y:2011:i:1:p:222-235

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