Role of Savings in Economic Growth of Pakistan

Abbas Ali Chandio, Feng Wei and Jiang Yuansheng

Asian Journal of Empirical Research, 2015, vol. 5, issue 12, 243-251

Abstract: This empirical study aims to examine the relationship between savings and economic growth of Pakistan over the period 1977-2013. Using the autoregressive distributed lag (ARDL) approach to co-integration, the results show that the empirical evidence strongly suggests that domestic savings played important role in economic growth and development of Pakistan in the long-run. The long-run and short-run elasticity of savings are estimated to be 3.072 and 2.071 respectively. Thus, domestic saving is positively and significantly associated to growth in Pakistan.

Keywords: Savings; Economic growth; ARDL approach; Pakistan (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://archive.aessweb.com/index.php/5004/article/view/3872/6091 (application/pdf)

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:asi:ajoerj:v:5:y:2015:i:12:p:243-251:id:3872

Access Statistics for this article

More articles in Asian Journal of Empirical Research from Asian Economic and Social Society
Bibliographic data for series maintained by Robert Allen ().