The Growth and Employment Impacts of the 2008 Global Financial Crisis on Pakistan

Mirajul Haq (), Karim Khan and Ayesha Parveen ()
Additional contact information
Mirajul Haq: Assistant Professor, Kashmir Institute of Economics, University of Azad Jammu and Kashmir, Muzaffarabad, Pakistan.
Ayesha Parveen: Lecturer in economics, University of Poonch, Rawalakot, Pakistan.

Lahore Journal of Economics, 2014, vol. 19, issue 2, 129-154

Abstract: This study examines the impact of the 2008 global financial crisis on economic growth and employment in Pakistan. We conduct a time series analysis of quarterly data for 1997–2011, applying the autoregressive distributed lag bounds-testing approach and an unrestricted error correction model. Our analysis suggests that the impact of the crisis was transmitted primarily through two channels—the financial sector and trade—with a corresponding negative effect on economic growth and employment. Of the two channels, the magnitude of the trade effect is larger than that of the financial sector.

Keywords: Financial crisis; financial stress; economic growth; cointegration. (search for similar items in EconPapers)
JEL-codes: C43 C51 O16 O4 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://121.52.153.179/JOURNAL/Volume%2019-2/05%20Haq,%20Khan%20and%20Parveen.pdf (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:lje:journl:v:19:y:2014:i:2:p:129-154

Access Statistics for this article

More articles in Lahore Journal of Economics from Department of Economics, The Lahore School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Shahid Salahuddin ().